SINGAPORE: The Monetary Authority of Singapore said on Thursday that Singapore’s foreign exchange and money markets continue to function normally.
The comment by Singapore’s central bank came as global share prices dived after U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy.
“MAS stands ready to curb excessive volatility in the Singapore dollar, and to ensure that Singapore’s foreign exchange and money markets continue to function in an orderly manner,” MAS said in a statement.
“MAS is closely monitoring developments and assessing the implications for the Singapore economy,” it added. – Reuters
