Speech by Koh Yong Guan, MD MAS, 2 Aug

SPEECH - In the speech Koh Yong Guan said the Board of Commissioners of Currency, Singapore (BCCS) will be merging with MAS. We are targeting to complete the merger exercise by October 2002. The merger of the two institutions is being undertaken with the objective of streamlining the institutional structure and rationalising common functions in the two institutions. After the merger, MAS will become a full-fledged central bank with a range of functions, including currency issuance.

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