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MAS’ S$7.4b loss resulting from forex impact; doesn’t have an effect on efficiency, authorities funds

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THE <a href="/banking-finance/mas-posts-s74b-loss-makes-no-contribution-to-consolidated-fund-in-fy2122" goal="_blank">S$7.4 billion loss</a> recorded by the Monetary Authority of Singapore (MAS) in FY2021/22 was resulting from a “currency translation effect” and isn’t related to the regulator’s funding efficiency, which is measured in foreign exchange, stated Finance Minister Lawrence Wong in Parliament on Monday (Aug 1).


MAS’ S$7.4b loss resulting from forex impact; doesn’t have an effect on efficiency, authorities funds.
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