BNM, Bank Indonesia Sign Mou To Strengthen Bilateral Cooperation

KUALA LUMPUR, May 11 (Bernama) -- Bank Negara Malaysia (BNM) and Bank Indonesia (BI) have signed a new memorandum of understanding (MoU) that strengthens bilateral cooperation between the two central banks.

In a joint statement today, they said that the MoU provides a comprehensive platform to guide cooperation in a range of central banking areas.

This includes monetary policy, financial stability and macroprudential policy, payment systems and digitalisation, financial sector development, capacity-building initiatives, and information sharing, they said.

BNM governor Datuk Seri Abdul Rasheed Ghaffour said the MoU reaffirms the longstanding partnership between BNM and BI.

“It also underscores our shared commitment to deepen collaboration across established areas of central banking, while expanding cooperation into emerging areas of mutual interest,” he said.

BI governor Perry Warjiyo said the MoU is a significant milestone in advancing the long-standing relationship between BI and BNM, and more than a symbolic commitment.

“It is a testament to the enduring spirit of strengthening institutional ties and deepening bilateral cooperation between the two central banks, especially in current challenging geopolitical landscape,” he said.

According to the statement, the signing of the MoU sets the stage for a more robust and synergistic partnership between BNM and BI, and both central banks look forward to continued cooperation in the mutually agreed areas for the greater prosperity of both economies.

-- BERNAMA