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).


This website uses cookies. By continuing to use this site, you accept our use of cookies.