Business · Trade · 2 hrs ago
UK, Singapore and Thailand test cross-border currency settlement
The UK, Singapore and Thailand are testing cross-border foreign-exchange settlement.
Foreign-exchange settlement is the completion of a currency transaction.
The test involves exchanges that cross national borders.
The Bank of England plans a live synchronisation interface.
It plans to introduce the interface in 2028.
The announcement does not give further details about the test or how the interface will work.
The UK, Singapore and Thailand are testing cross-border foreign-exchange settlement.
The test concerns settlement between the three countries.
The Bank of England plans to introduce a live synchronisation interface.
The interface is planned for 2028.
- Who
- The UK, Singapore and Thailand.
- What
- They are testing cross-border foreign-exchange settlement.
- When
- Not stated.
- Where
- Between the UK, Singapore and Thailand.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Countries
- UK, Singapore and Thailand
- Test
- Cross-border foreign-exchange settlement
- Planned interface
- Live synchronisation interface
- Planned year
- 2028