Cyber security, fintech at core of Thai-Russian MoU on cooperation 


Bank of Thailand Governor Veerathai Santiprabhob signed a Memorandum of Understanding on Cooperation with Elvira Nabiullina, Governor of the Central Bank of the Russian Federation on October 18 at the IMF-WBG annual meetings in Washington, DC.

The agreement aims to strengthen bilateral ties and cooperation between the two central banks through exchanging views and experiences on central banking functions and policies such as monetary policy, banking supervision, payment and settlement systems, fintech innovations, cyber security as well as promoting other financial cooperation leading to further economic and financial connectivity between the two countries, according to a BOT statement issued today (October 21).

A close cooperation between the central bank and its Russian counterpart should help the tourism industry, because Thailand is a popular destination among Russians.