Monetary Authority of Singapore (MAS)
The Monetary Authority of Singapore (MAS) essentially acts as the government’s banker. The Monetary Authority of Singapore’s major objectives are to foster price stability and strengthen and secure financial security.
Along with the primary goals of maintaining market stability, regulating foreign exchange reserves, and concurrently measuring real inflation rates, it also encourages sustained economic growth. MAS achieves this through overseeing monetary policy and controlling financial zones, which gives them more discretionary authority. All decisions are made by a board of governors that is chaired by the finance minister and takes into account every factor.