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Article: Monetary Authority of Singapore to Further Relax Control on Singapore Dollar
- Article from:
- Xinhua News Agency
- Article date:
- March 19, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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The Monetary Authority of Singapore (MAS) announced here on
Tuesday it will further relax its control on the Singapore dollar to
foster capital markets growth.
MAS Chairman Lee Hsien Loong, who is also the country's Deputy
Prime Minister and Finance Minister, told a major international
economic convention opened here on Tuesday that with effect from 20
March 2002, the MAS will lift restrictions on the use of the
Singapore dollar in a few key areas.
Speaking at the opening of the Euromoney Asia-Pacific Issuers and
Investors Forum, Lee said that it will first exempt all individuals
and non-financial entities, which include corporate treasury centers,