askST: What has Singdollar, inflation and currency exchange to do with MAS' net loss?

MAS recorded a net loss of $7.4 billion for the financial year ended March 31, 2022 - the first time in nine years. ST PHOTO: DESMOND WEE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The central bank on Tuesday (July 19) announced that it recorded a net loss - the first time in nine years - of $7.4 billion for the financial year ended March 31, 2022.

The Monetary Authority of Singapore's (MAS) annual report stated that the loss was led mainly by a huge negative currency translation effect.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.