March 26, 2020 BY Steffy Bogdanova

MAS announces US$60 billion funding through a new facility to support USD lending

MAS will secure USD, in exchange for SGD through the US Federal Reserve and lend the USD to banks in Singapore through the new MAS USD Facility. The first auction will take place this Friday and US$10 billion in 7-day funds will be offered to help the increased end-of-quarter demand for USD during this period.…

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