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MAS, Brunei monetary authority sign pact on bilateral cooperation

Published on Apr 22, 2014 3:08 PM
 
The logo of the Monetary Authority of Singapore (MAS) is displayed at the MAS headquarters in Singapore taken on Thursday, July 29, 2010. The monetary authorities of Singapore and Brunei have agreed to expand their existing cooperation into new areas of partnership. -- FILE PHOTO: BLOOMBERG

SINGAPORE - The monetary authorities of Singapore and Brunei have agreed to expand their existing cooperation into new areas of partnership.

The Monetary Authority of Singapore (MAS) and Autoriti Monetari Brunei Darussalam (AMBD) on Tuesday signed a memorandum of understanding (MOU) to further bilateral cooperation, they said in a joint statement.

The two organisations will cooperate on capital market development and exchange views on monetary management and operations, banking supervision and payment and settlement arrangements, among other things.

This builds on the existing collaboration between the two countries, including the Currency Interchangeability Agreement between Brunei Darussalam and Singapore and the ongoing bilateral dialogue between MAS and AMBD.

 
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