The Monetary Authority of Singapore : its establishment, growth and changing role
Maysami, Ramin Cooper
Date of Issue2003
College of Business (Nanyang Business School)
Asian Business Case Centre
Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) was established in 1971 to perform essentially all the functions of a central bank except currency issuance that remained under the jurisdiction of the Board of Commissioners of Currency. It was responsible for implementing monetary policies, supervising financial activities in the country, and being adviser, banker, and financial agent to the Singapore government. In October 2002, the Board of Commissioners of Currency was integrated into MAS as its currency department. This case documents the rationales for the establishment, growth and development of MAS and delineates its changing role during the last three decades in the face of rapid financial liberalisation and banking reform in Singapore. Period covered 1965 – 2003
© 2003 Nanyang Technological University, Singapore.