The Monetary Authority of Singapore (MAS) is the central bank and has been around since 1971. The Monetary Authority of Singapore manages the money supply, inflation rates and the value of the Singaporean currency. MAS tracks and regulates banks, and financial institutions and manages exchange rates.
Monetary Authority of Singapore (MAS)
Defenition: The Monetary Authority of Singapore (MAS) is the central bank which manages the money supply of the Singaporean currency.