Is the Government issuing Reserves Management Government Securities (RMGS) to bolster its reserves?

mof

Last updated 1y ago

No. RMGS issuance does not change Singapores net asset position. This means that the issuance of RMGS does not increase the size of our reserves. As the amount of RMGS that the Government issues will be equal in value to the amount of foreign assets it receives, the Governments assets and liabilities will increase by the same amount. Our net assets, or assets minus liabilities, remain unchanged.

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Is the Government issuing Reserves Management Government Securities (RMGS) to bolster its reserves?

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