Singapore's direct exposure to Greece negligible, says MAS

The Singapore economy's direct exposure to Greece is "negligible", and its domestic money and foreign exchange markets continue to function in an orderly fashion, the Monetary Authority of Singapore (MAS) said on Monday evening.

Greece accounts for just under 0.2 per cent of Singapore's total trade, and 0.1 per cent of Singapore's total banking system assets, the MAS said in response to media queries.

But there is "some uncertainty" over the broader impact of the ongoing developments in Greece.

"MAS is closely monitoring developments in the eurozone economy and global financial markets, and their potential impact on domestic markets and the economy," Singapore's central bank said.

Read more on the Greek crisis here.