The People’s Bank of China (PBOC) and the Bank of Thailand signed a memorandum of understanding (MOU) on Tuesday to enhance cooperation in facilitating bilateral transactions using local currencies.
Pan Gongsheng, the governor of PBOC, and Sethaput Suthiwartnarueput, the governor of the Bank of Thailand, were the signatories of the MOU, as reported by PBOC. During their meeting in Beijing on Tuesday, the two central bank governors discussed bilateral financial cooperation and various other topics, as stated by PBOC.