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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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.
This is despite the agreement having weathered multiple economic challenges on both fronts, said the Monetary Authority of Singapore (MAS) on Thursday, in its twice-yearly macroeconomic review.
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