China, Thailand ink MOU to enhance local currency use

They will also promote cross-border payment and settlement.

Thailand and China have inked a memorandum of understanding (MOU) aimed at enhancing the accessibility and efficiency in local currency usage and to promote its broader adoption.

This includes the promotion of local currency usage as well as cross-border payment and settlement, the Bank of Thailand (BOT) said in a statement.

ALSO READ: Thai central bank’s digital payments on ‘top of the world’

BOT governor Sethaput Suthiwartnarueput met with Pan Gongsheng, governor of the People’s Bank of China (PBOC) inked the MOU.

Both governors and their delegations met in Beijing on 21 May 2024 to discuss the details of the cooperation, which include strengthening banking and financial cooperation between the two countries.

Follow the link s for more news on

Bank of Thailand

People's Bank of China

Also Read

What's in store for payments in 2025?

Banks may be ill-equipped for demands of real-time payments

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit