Monetary Authority of Singapore

Monetary Authority of Singapore
Headquarters10 Shenton Way, MAS Building, Singapore 079117
Established1 January 1971 (1971-01-01)
OwnershipGovernment of Singapore
Key peopleGan Kim Yong (Chairman)
Chia Der Juin (Managing Director)
Central bank ofSingapore
CurrencySingapore dollar (S$)
SGD (ISO 4217)
ReservesIncrease US$419.1 billion[1]
Bank rate3.51% (20 July 2023)[2]
Preceded byBoard of Commissioners of Currency
Websitewww.mas.gov.sg

The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore.[3] The body is duly accountable to the Parliament of Singapore through the Minister-in-charge, who is also the Incumbent Chairman of the central bank.

  1. ^ "The World Fact Book - Singapore". Central Intelligence Agency. Archived from the original on March 20, 2021. Retrieved September 17, 2014.
  2. ^ "Domestic Interest Rates - Singapore Overnight Rate Average (SORA) Table". Monetary Authority of Singapore. Retrieved 20 July 2023.
  3. ^ "Our History". www.mas.gov.sg. Archived from the original on 2020-09-14. Retrieved 2022-05-11.

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