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Singapore central bank launches gold-vaulting service, extends GST waiver

First reported by The Business Times Latest report 2 sources
Image: CNA
Image: CNA

Summary of 2 reports

Singapore's Monetary Authority launched a gold-vaulting service with 500-tonne capacity designed for foreign central banks, international financial institutions, and sovereign entities to securely hold gold reserves. The service will begin operations in Q1 2027, and Singapore has extended GST waivers to certain wholesale gold activities.

Generated by AI using only the headlines and excerpts below. Read the original reporting for full details.

Read at CNA(opens in a new tab)

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Every report we found on this story, oldest first. Each links to the original publisher.

  1. The Business Times

    Singapore launches central bank gold-vaulting, extends GST waiver to wholesale activities (opens The Business Times in a new tab)

    The Republic’s over-the-counter gold clearing system will kick-start operations in Q1 2027

  2. CNA

    MAS launches gold vaulting service with 500-tonne capacity, extends GST waiver to some gold services (opens CNA in a new tab)

    The service aims to provide foreign central banks, international financial institutions, and sovereign entities with a secure option to hold gold reserves in Singapore.

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