Media Releases
Published Date: 07 July 2015

MAS' response to media queries on recent developments in Greece

Singapore, 6 July 2015… In response to media queries, the Monetary Authority of Singapore (MAS) said today that Singapore's domestic money and foreign exchange markets continue to function in an orderly fashion. The direct exposure of our economy and banking system to Greece is negligible, accounting for just under 0.2% of total trade and 0.1% of total banking system assets. There is some uncertainty as to the broader impact of continuing developments in Greece. MAS is closely monitoring developments in the Eurozone economy and global financial markets, and their potential impact on domestic markets and the economy.