Friday, May 18, 2012

Bank Negara signs MoU with Turkey central bank

KUALA LUMPUR: Bank Negara has signed a memorandum of understanding (MoU) with Central Bank of Turkey to foster strategic cooperation between the two countries.

Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/18/business/11312827&sec=business
Published: May 18, 2012

According to Bank Negara, the cooperation involved are in promotion bilateral investment and liquidity arrangements, both aimed at supporting the development of the financial services sector of both countries, and to enhance economic and financial linkages between the two countries through bilateral trade and investment.

The MoU was signed by Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz and Central Bank of Turkey governor Dr Erdem Bascı.

“This will also include building the required financial infrastructure, payments and settlements arrangements to facilitate bilateral trade in the respective local currencies of the two countries, Bank Negara said in a statement.

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