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MAS Signs Cooperation Deal With Brunei's Monetary Body
Vanessa Doctor
24 April 2014
The means that both institutions will cooperate on capital market development and capacity building, as well as exchange views and practises on monetary management and operations, human resources, information technology, banking supervision and payment and settlement, according to a statement. The MoU builds on existing deals between the two countries, including the Currency Interchangeability Agreement between Brunei Darussalam and Singapore and the bilateral dialogue between the two financial bodies. The deal was concurrent with His Majesty the Sultan and Yang Di-Pertuan of Brunei and Her Majesty Raja Isteri Pengiran Anak Hajah Saleha's three-day visit to Singapore to meet with President Tony Tan Keng Yam and Prime Minister Lee Hsien Loong to reinforce partnerships, particularly in areas of economy, defence, education, health, finance and the youth.