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).
READ SOURCE
