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Interchangeability of Singapore and Brunei's currencies facilitates trade and investment: MAS

Central bank says that interchangeability cuts out forex rate risks and minimises transaction costs

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The Currency Interchangeability Agreement between Singapore and Brunei, now in its 50th year, is testament to how cooperation between the two countries has deepened, as they both benefited from stronger trade and investment flows, Singapore's central bank has said.

Singapore

THE Currency Interchangeability Agreement between Singapore and Brunei, now in its 50th year, is testament to how cooperation between the two countries has deepened, as they both benefited from stronger trade and investment flows, Singapore's central bank has said.

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