Singapore foreign reserves dropped by S$13.42 billion

March 9, 2009
Singapore Democrats

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Se Young Lee
Dow Jones Newswires

Singapore’s foreign reserves fell to US$163.55 billion at the end of February from US$167.09 billion a month earlier and was lower than US$171.74 billion a year earlier, the Monetary Authority of Singapore said Monday.

In Singapore dollar terms, the reserves were S$252.78 billion in February compared with S$252.57 billion in January and S$239.36 billion a year earlier, the central bank said on its Web site.

The central bank doesn’t explain changes in its monthly reserves position.