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Singapore refutes US accusation of currency manipulation

MAS says its policy framework has always been aimed at ensuring medium-term price stability

MAS manages the Singapore dollar nominal effective exchange rate (S$NEER) within a policy band, which is "just as other central banks conduct monetary policy by targeting interest rates".


SINGAPORE "does not and cannot use the exchange rate to gain an export advantage or achieve a current account surplus", the Monetary Authority of Singapore (MAS) said in response to the US Treasury's move to put Singapore on an updated watch list over its "uncommon" exchange...

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