What inflation and Singdollar have to do with MAS' net loss
Net loss is due mainly to significant rise of Sing$ against euro, yen and sterling
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The central bank on Tuesday 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.
