What are the benefits of transferring the Official Foreign Reserves (OFR) to the Government?

Question

Accepted Answer

GIC invests in longer-term, high-yielding assets rather than in liquid but low-yielding assets compared to MAS.

Placing OFR above what MAS requires for the conduct of monetary policy and support of financial stability with GIC allows such assets to be invested for longer-term returns.

Find out more about RMGS on the MAS website.

What are the benefits of transferring the Official Foreign Reserves (OFR) to the Government?

Related questions

Is the transfer of foreign assets from MAS to the Government to make up for GICs losses?

What are Reserves Management Government Securities (RMGS)?

Why is there a need for the government to issue Reserves Management Government Securities (RMGS)?

How does MAS accumulate Official Foreign Reserves?