Published: 20:25, May 21, 2024
China, Thailand sign MOU to promote bilateral transactions in local currencies
By Xinhua
Photo taken on Oct 19, 2020 shows an exterior view of the People's Bank of China in Beijing, capital of China. (PHOTO / XINHUA)

BEIJING — The central banks of China and Thailand on Tuesday inked a memorandum of understanding (MOU) concerning a framework for cooperation to promote bilateral transactions in local currencies.

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The MOU was signed by Pan Gongsheng, governor of the People's Bank of China (PBOC), and Sethaput Suthiwartnarueput, governor of the Bank of Thailand, according to the PBOC.

The two central bank governors met in Beijing on Tuesday and exchanged views on bilateral financial cooperation as well as other topics, said the PBOC.