Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), speaks at the Singapore Fintech Conference in Singapore, on Wednesday, Nov. 16, 2016. The MAS is poised to become the latest central bank to test its own digital currency, which it will use in a trial of a blockchain-driven system for interbank payments. - Bloomberg
SINGAPORE: Singapore’s central bank chief said that there is now a real risk of a trade war that could deal a devastating blow to the global economy.
US President Donald Trump has recently imposed tariffs on steel and aluminium imports, sparking threats of retaliation from some trade partners, and called on China to cut its trade surplus with the United States by US$100bil.
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