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MAS recorded a net loss of $7.4 billion for the financial year ended March 31, 2022 - the first time in nine years.
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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.
