Thailand, Malaysia expand local currency settlement framework

A Thailand Baht note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

BANGKOK (Reuters) - The central banks of Thailand and Malaysia on Tuesday announced the further expansion of the ringgit and baht settlement framework effective from December, to facilitate trade and investment between both countries.

The latest framework includes an expansion of eligible users to include Malaysians and Thais who reside in either country, as well as additional foreign exchange policy flexibility, like more simple documentation requirements, their joint statement

https://www.bot.or.th/English/AboutBOT/Activities/Pages/JointPress_26102021.aspx said. 

(Reporting by Orathai Sriring; Editing by Martin Petty)