Local Currency Transaction Framework (LCTF)
The LCTF facilitates the use of local currencies for settlement of cross-border economic activities between Malaysia, Thailand and Indonesia.
The LCTF provides greater flexibility and efficiency for businesses, investors and individuals to access and manage local currencies (such as Malaysian Ringgit, Thai Baht or Indonesian Rupiah) via appointed banks (also known as Appointed Cross Currency Dealers, “ACCDs”).
Below in an example of how LCTF works:
Further details on LCTF can be found as follows:
- Key Facts and Information [PDF]
- List of Appointed Cross Currency Dealers (ACCDs) [PDF] to facilitate LCTF transactions.
- Promotional Video:
