Central Banks of Malaysia, Indonesia and Thailand Appoint Additional Qualified Banks to Participate in the Local Currency Transaction Framework
Embargo :5 Aug 2025
Central Banks of Malaysia, Indonesia and Thailand Appoint Additional Qualified Banks to Participate in the Local Currency Transaction Framework
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Central Banks of Malaysia, Indonesia and Thailand Appoint Additional Qualified Banks to Participate in the Local Currency Transaction Framework
5 Aug 2025
Bank Negara Malaysia (BNM), Bank Indonesia (BI) and the Bank of Thailand (BOT) are pleased to announce the appointment of additional qualified commercial banks to operationalise the Local Currency Transaction Framework (LCTF). These qualified banks, known as Appointed Cross-Currency Dealers (ACCDs), will facilitate cross-border settlement of trade and investment between the respective countries. This initiative follows several enhancements to the LCTF announced on 17 February 2025.
The expanded ACCD network will strengthen customer outreach, enhance market access to local currency liquidity, provide businesses with enhanced options for cross-border transactions between Malaysia, Indonesia and Thailand.
BNM, BI, and BOT continue to support trade and investment growth through closer financial collaboration under the LCTF.
The newly appointed banks are listed below:
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MYR-IDR LCTF |
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Malaysian Banks
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Indonesian Banks
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MYR-THB LCTF |
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Malaysian Banks
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Thai Bank
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IDR-THB LCTF |
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Indonesian Banks
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Thai Bank
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The following is a full list of ACCDs appointed under the MYR-IDR and MYR-THB LCTF: https://bnm.gov.my/accds-list
Bank Negara Malaysia
Bank Indonesia
Bank of Thailand
5 August 2025
© Bank Negara Malaysia, 2025. All rights reserved.
