Mr Ravi Menon, Managing Director, MAS, spoke on the two priorities for international co-operation in the wake of Covid-19 - keeping global supply chains open and strengthening digital connectivity across nations.
Bank of Japan and Monetary Authority of Singapore Renew Bilateral Local Currency Swap Arrangement
Singapore, 29 November 2019…The Monetary Authority of Singapore (MAS) today announced the renewal of the Bilateral Local Currency Swap Arrangement with the Bank of Japan (BOJ) for another three years.
2 The agreement was established in November 2016 to enable the two central banks to exchange local currencies with each other of up to SGD 15 billion or JPY 1.1 trillion.
3 Under the arrangement, MAS will be able to provide Japanese Yen liquidity to eligible Singapore financial institutions to support their cross-border operations.