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OUR WORK
Managing Risks,
Emerging Stronger

TUMULTUOUS
YEAR FOR THE
GLOBAL ECONOMY

MONETARY POLICY

AN UNPRECEDENTED CRISIS

INTEGRATED
APPROACH TO
FOSTER SAFETY AND
SOUNDNESS OF
FINANCIAL
INSTITUTIONS AND
FINANCIAL SYSTEM

BUILDING ON OUR
FUNDAMENTALS,
PREPARING FOR
THE UPTURN

ENHANCING
OPERATIONAL
CAPABILITIES AND
RESILIENCE

CURRENCY AND
PAYMENT SYSTEM

CURRENCY AND PAYMENT SYSTEM	38
Managing Dollars and Cents	38
Payment System	38

Payment System

The MAS Electronic Payment System (MEPS+) was enhanced in November 2008 to comply with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) changes and to also cater to new business requirements for greater effectiveness and efficiency.

CURRENCY AND PAYMENT SYSTEM

38

Payment System