A Memorandum of Understanding (MoU) has been penned between the Bank Negara Malaysia and the Central Bank of Turkey.
The MOU envisages to boost strategic cooperation between the two countries.
According to the Malaysian bank, the memorandum is also aimed at encouraging bilateral investments and liquidity arrangements, to support the growth of the financial industries in both the countries, and increase economic and financial contacts.
The MoU includes building the needed fiscal infrastructure, payments and settlements arrangements for facilitating mutual trade in the respective local currencies of the two countries.
Bank Negara added : \"The implementation of the MoU will pave the way for greater collaboration in enhancing interlinkages between the two countries.\"
The MOU envisages to boost strategic cooperation between the two countries.
According to the Malaysian bank, the memorandum is also aimed at encouraging bilateral investments and liquidity arrangements, to support the growth of the financial industries in both the countries, and increase economic and financial contacts.
The MoU includes building the needed fiscal infrastructure, payments and settlements arrangements for facilitating mutual trade in the respective local currencies of the two countries.
Bank Negara added : \"The implementation of the MoU will pave the way for greater collaboration in enhancing interlinkages between the two countries.\"