Foreign Reserves (MoM)

Date Time Left   Event Impact Previous Consensus Actual
Dec 08, 09:00  Foreign Reserves (MoM) 264.4B 260.60B

Foreign Reserves (MoM)

Foreign reserves, released by Monetary Authority of Singapore, are the total of a country's gold holdings and convertible foreign currencies held in its central bank. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights. A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.



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