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VIRUS OUTBREAK

MAS sets up US$60b swap facility with Federal Reserve amid virus outbreak

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The Monetary Authority of Singapore (MAS) on Thursday night announced a US$60 billion swap facility with the US Federal Reserve to ease any US-dollar liquidity strain as a result of the virus outbreak.

Singapore

THE Monetary Authority of Singapore (MAS) on Thursday night announced a US$60 billion swap facility with the US Federal Reserve to ease any US-dollar liquidity strain as a result of the virus outbreak.

MAS said it intends to draw on this swap facility - which will be in...