Reserves Management Government Securities
Reserves Management Government Securities (RMGS) is a type of non-marketable security issued by the Government to MAS, to facilitate the transfer of excess Official Foreign Reserves (OFR) to the Government for longer-term management by GIC. Excess OFR arises when MAS accumulates reserves that are above what is required for conducting monetary policy and supporting financial stability. For more details, please refer to the .
|End of Period||Outstanding Holdings of RMGS|
|March 2022||S$75.0 billion|
|April 2022||S$88.6 billion