News
The Ministry of Finance of Japan and the Bank of Thailand have recently signed the Memorandum of Cooperation for the establishment of a Framework for Cooperation to promote the use of local currencies.
The authorities of both countries reached mutual agreement on initiatives relating to the promotion of the use of local currencies for trade and investment settlement, which includes, among others, promotion of the direct exchange rate quotation and interbank trading between the Japanese Yen and the Thai Baht. This cooperation will be enhanced through information sharing and periodical discussions between Japanese and Thai authorities.
