Brunei Darussalam Central Bank and Monetary Authority of Singapore Reaffirm Bilateral Cooperation

Singapore, 14 August 2025… Brunei Darussalam Central Bank (BDCB) and the Monetary Authority of Singapore (MAS) reaffirmed their long-standing relationship at the fifth BDCB-MAS Bilateral Roundtable held in Brunei Darussalam.

2 BDCB and MAS exchanged views on recent global and regional economic trends as well as developments in payments connectivity. They also discussed plans to commemorate the 60th Anniversary of the Currency Interchangeability Agreement (CIA) in 2027.

3 During the Roundtable, BDCB Managing Director, Yang Mulia Hajah Rashidah binti Haji Sabtu, and MAS Managing Director, Mr Chia Der Jiun, signed a Memorandum of Understanding (MoU) to establish a reciprocal cross-border collateral arrangement (CBCA). This arrangement will allow both authorities to accept a wider range of collateral in their liquidity provisioning facilities, providing financial institutions across the jurisdictions greater flexibility in their liquidity management and helping maintain financial stability in both countries.

4 BDCB Managing Director Hajah Rashidah remarked, "The Bilateral Roundtable stands as a testament to the strong relationship between BDCB and MAS. It is a valuable platform to enhance collaboration on areas of mutual interest and strategic importance. As long-standing partners, our continued cooperation is vital in navigating the evolving regional economic landscape."

5 Expressing appreciation for BDCB's hosting of the Roundtable, MAS Managing Director, Chia Der Jiun said, "The CBCA MoU further strengthens collaboration between MAS and BDCB and deepens our close bilateral relations. We look forward to commemorating the 60th Anniversary of the CIA in the near future."

Hajah Rashidah binti Haji Sabtu, Managing Director, BDCB, and Chia Der Jiun, Managing Director, MAS, at the MoU signing ceremony.

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