Politics

MAS’ S$7.4b loss due to currency effect; does not affect performance, government budget



THE <a href="/banking-finance/mas-posts-s74b-loss-makes-no-contribution-to-consolidated-fund-in-fy2122" target="_blank">S$7.4 billion loss</a> recorded by the Monetary Authority of Singapore (MAS) in FY2021/22 was due to a “currency translation effect” and is not relevant to the regulator’s investment performance, which is measured in foreign currencies, said Finance Minister Lawrence Wong in Parliament on Monday (Aug 1).



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