What are the benefits of transferring the Official Foreign Reserves (OFR) to the Government?
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.
Let other citizens know if this answer was helpfulDid this answer your question?
Can’t find what you’re looking for?