SINGAPORE: The Monetary Authority of Singapore (MAS) on Wednesday issued a release in response to media queries on the U.S. Treasury Report on Macroeconomic and Foreign Exchange Policies (UST Report), saying that it does not manipulate its currency for export advantage.

The MAS reiterated that Singapore's monetary policy framework, which is centered on the exchange rate, has always been aimed at ensuring medium-term price stability, and will continue to do so, reports Xinhua.