World Economy

Singapore Forex Reserves Decline

Singapore Forex Reserves DeclineSingapore Forex Reserves Decline

Singapore’s official foreign exchange reserves declined to $249.78 billion in October, from $251.64 billion in September, according to data released by the Monetary Authority of Singapore, Dow Jones reported. Measured in the local currency, the reserves were S$349.79 billion, compared with S$357.85 billion in September, the central bank said on its website. The MAS doesn’t state a reason for the increase or decline in foreign exchange reserves.