Headquarters | 10 Shenton Way, MAS Building, Singapore 079117 |
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Established | 1 January 1971 |
Ownership | Government of Singapore (overseen by the Prime Minister's Office) |
Key people | Gan Kim Yong (Chairman) Chia Der Juin (Managing Director) |
Central bank of | Singapore |
Currency | Singapore dollar (S$) SGD (ISO 4217) |
Reserves | US$419.1 billion[1] |
Bank rate | 3.51% (20 July 2023)[2] |
Preceded by | Board of Commissioners of Currency |
Website | www |
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.