Singapore does not seek for Singdollar to be reserve currency: MAS’ Chia Der Jiun

Singapore does not seek for Singdollar to be reserve currency: MAS’ Chia Der Jiun

November 4, 2025 / Kim Browne /

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[SINGAPORE] The Monetary Authority of Singapore (MAS) does not seek for the Singapore dollar to become a reserve currency, said its managing director Chia Der Jiun.

The Singdollar lacks important attributes of reserve currencies, Chia said in an interview with The Business Times ahead of the Singapore Fintech Festival happening from Nov 12 to 14.

Analysts also noted that Singapore does not want to internationalise its currency to maintain control over its exchange rate-focused monetary framework.

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Kim Browne

As an editor at Grazia British, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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