The central banks of Singapore, Malaysia and Vietnam have all said they do not engage in exchange rate manipulation, after the US Treasury added the three countries to its watch list of countries under extra scrutiny over currency practices.
The Monetary Authority of Singapore (MAS) issued a statement on May 29 saying that it does not manipulate its currency for export advantage: “The MAS reiterated that Singapore’s monetary policy framework, which is centred on the exchange rate, has always
