Monetary Authority of Singapore plays Santa Claus

The Monetary Authority of Singapore has significantly rolled-back restrictions governing the internationalization of the SGD.

Admittedly, the Christmas season is a time for generosity but not foolhardiness. As such, MAS preserved the existing limits of the development of an offshore market for the SGD, retaining the SGD5 million $2.88 million limit on the amount of funds that can be lent offshore. The need to preserve control over it s primary tool of monetary policy - the SGD trade weighted index - therefore delimits MAS s willingness to liberalize.

In almost all other...

To continue reading, please login or register for free

Click for more on: monetary | authority | singapore | plays | santa | claus

Print Edition

FinanceAsia Print Edition