The growth in foreign currencies
held is not unexpected for a
trading nation. We have every
expectation that Singapore is
selective about what currencies
(and how much) it chooses to
hold. We expect another 10%
increase this year to nearly 180
billion. As noted previously,
we would expect Singapore to
use these reserves to pay down
debt and throttle Singapore's
own inflation rate.
held is not unexpected for a
trading nation. We have every
expectation that Singapore is
selective about what currencies
(and how much) it chooses to
hold. We expect another 10%
increase this year to nearly 180
billion. As noted previously,
we would expect Singapore to
use these reserves to pay down
debt and throttle Singapore's
own inflation rate.
