Thai-Malay currency exchange deal gathers pace - leatherbiz: Leading n Leatherbiz

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Thai-Malay currency exchange deal gathers pace

24/09/2001

Thanks to a new bilateral agreement between the two countries, Thailand’s importers of Malaysian hides and leather will soon be able pay using Thai baht instead of dollars.

The agreement responsible is the Malaysia-Thai Bilateral Payments Arrangement (BPA) which is due to be signed in the Malaysian capital of Kuala Lumpur at the end of this month.

Thailand will be the 27th country to sign a BPA with Malaysia. The others are: Albania, Algeria, Argentina, Bosnia-Herzegovina, Botswana, Chile, Cuba, North Korea, Fiji, Iran, Iraq, Laos, Mexico, Mozambique, Myanmar, Pakistan, Peru, the Philippines, Romania, Seychelles, Sudan, Tunisia, Turkmenistan, Uzbekistan, Venezuela, Vietnam and Zimbabwe.



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