MAS Announces Sing Dollar Liberalisation
MARKET VOICE
SINGAPORE--The Monetary Authority of Singapore (MAS) announced last week that it is introducing measures to liberalise its policy on the non-internationalisation of the S$. This should not be seen as a move towards floating its currency, but an attempt to support its fixed income and equity markets, Steve Brice, treasury economist at Standard Chartered Bank in Singapore, told FX Week.
Some of the more important changes of policy by the MAS were:
• Banks can now lend S$ for investment purposes in
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