SG Talk

MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar, higher interest expenses - CNA
https://www.channelnewsasia.com/singapor...st-3606691

Bought so much gold, what you expect but a huge loss

.News reported MAS given S$75 billions to help GIC on 8 April 2022.

It seems overly extended beyond MAS ability to help GIC i.e. causing today's net loss of S$30.8 billions in its books.

Both playing pocket billiards

(06-07-2023, 12:10 AM)Scythian Wrote: [ -> ].News reported MAS given S$75 billions to help GIC on 8 April 2022.

It seems overly extended beyond MAS ability to help GIC i.e. causing today's net loss of S$30.8 billions in its books.

Both playing pocket billiards

If you keep on transferring $$$ here and transferring $$$ there whenever you like,

By helping GIC, Somedays MAS will have surpluses while other days MAS will have losses

"MAS uses a new mechanism to transfer S$75 billion in excess foreign exchange reserves to the government for GIC to invest for the long term"

8 April 2022

https://newsbeezer.com/singapore/mas-use...%2C%202022

(06-07-2023, 12:57 AM)Scythian Wrote: [ -> ]"MAS uses a new mechanism to transfer S$75 billion in excess foreign exchange reserves to the government for GIC to invest for the long term"

8 April 2022

https://newsbeezer.com/singapore/mas-use...%2C%202022

Is the new MAS mechanism implemented in April 2022 today, causing this wild swing and uncontrolled fluctuations ?

Did MAS carefully thought out these impacts well before even introducing the new mechanism?

No worries DBS will help it top up those money....