Monetary Authority of Singapore achievement

Initially, many people resigned as Dr Goh began his time at MAS as the chairman. However, he was not affected, and still implemented a unique monetary policy based on the exchanged rate, rather than the interest rate, unlike other countries. The policy, which is still in use today, has brought low inflation and high growth for Singapore. During Dr Goh's time at MAS, the financial sector of Singapore boomed , especially in the areas of offshore banking and forex trading.