Michael Wong Pakshong, 1931–2017
MAS’s first managing director led the institution from a turbulent foundation through a period of monetary reform
Michael Wong Pakshong, the first managing director of the Monetary Authority of Singapore (MAS), died on August 2, aged 86.
Wong Pakshong led the institution for a decade, across years in which the world’s monetary system was shattered by the collapse of the Bretton Woods system and began to reform, with the US dollar reasserting its status as the hegemonic global reserve currency.
He became managing director in 1971, the same year the MAS was founded and the year US president Richard Nixon
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