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).


See also  Singapore Purchasing Managers' Index picks up to 51.0 in July on rosy factory sentiment, but Delta variant hammers regional sector