Singapore’s total foreign reserves went up from S$353.2 billion in August to S$357.8 billion last month, according to statistics released on Wednesday (Oct 7) by the Monetary Authority of Singapore (MAS).
The increase was a result of a rise across all three components of the reserves – gold and foreign exchange, Singapore’s reserve position in the International Monetary Fund and supplementary foreign exchange reserve assets known as special drawing rights.
Total foreign reserves in September were 5.4 per cent higher compared with the same month a year ago.
Source: www.straitstimes.com
