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

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.