MAS achieved investment gains of 12.7 billion Singapore dollars from interest income, dividends, and realized capital gain, and a positive currency translation effect of 1.7 billion Singapore dollars in the previous fiscal year ended March.
The profit was partially offset by 10.6 billion Singapore dollars in net cost from money market operations to manage banking system liquidity and other expenses, Chia added.
MAS posted a net loss of 30.8 billion Singapore dollars for fiscal year 2022/23 due to monetary policy tightening to bring down inflation. (1 Singapore dollar equals 0.75 U.S. dollar)
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