Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Monetary Authority of Singapore?
Summarize this article for a 10 year old
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. The Board is duly accountable to the Parliament of Singapore through the Minister-in-charge, who is also the Incumbent Chairman of the central bank.
|Headquarters||10 Shenton Way, MAS Building, Singapore 079117|
|Established||1 January 1971; 52 years ago (1971-01-01)|
|Ownership||Government of Singapore|
|Key people||Lawrence Wong (Chairman)|
Ravi Menon (Managing Director)
|Central bank of||Singapore|
|Currency||Singapore dollar (S$)|
SGD (ISO 4217)
|Bank rate||3.51% (20 July 2023)|
|Preceded by||Board of Commissioners of Currency|
Oops something went wrong: