Bank Negara Malaysia and the Ministry of Finance of Japan signed a memorandum of cooperation establishing a framework to promote the settlement of trade and investment in local currencies. The authorities agreed to pursue initiatives supporting local currency use in eligible cross-border transactions, backed by information sharing and periodic discussions between Malaysian and Japanese authorities.
2026-09-15Bank Negara Malaysia
Bank Negara Malaysia and Japan’s Ministry of Finance establish framework to promote local currency settlement
Bank Negara Malaysia and the Ministry of Finance of Japan established a cooperation framework to promote local currency settlement for trade and investment. The framework covers eligible cross-border transactions and provides for information sharing and periodic discussions.