Media Releases
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.
Related News
-
SpeechesPublished Date: 30 August 2023
"Fostering Digital, Financial, and Green Inclusion for MSMEs" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Interactive Dialogue at the Executive Board of UNDP, UNFPA and UNOPS (Second regular session 2023) on 30 August 2023
Mr Ravi Menon, Managing Director, MAS, spoke on MAS' efforts to build three foundational digital infrastructures, as well as MAS’ collaboration with UNDP to maximise opportunities for MSMEs.
-
Media ReleasesPublished Date: 25 August 2023
Joint Statement of the 10th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM)
Joint Statement of the 10th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM)
-
Media ReleasesPublished Date: 25 August 2023
Regional Payment Connectivity Expansion to Include State Bank of Vietnam
State Bank of Vietnam, the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand at the sidelines of the G20 Leaders’ Summit.