MAS and Brunei monetary authority to deepen cooperation
The monetary authorities of Singapore and Brunei have signed a Memorandum of Understanding (MOU)to expand bilateral cooperation.
They'll cooperate on capital market development and capacity building, as well as exchange views and best practices on monetary management and operations.
The MOU builds on existing pillars of cooperation, including the Currency Interchangeability Agreement between the two countries.
Managing Director of the Monetary Authority of Singapore, Ravi Menon, says the MOU will lay a firm foundation to further deepen financial ties between the countries.
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