ECONOMY | Staff Reporter, Singapore

Foreign currency reserves hit $362.5b in July

Official reserves also went up from June.

Singapore's preliminary official reserve assets went up from $361.4b (US$266.3m) in June to $366m (US$269.7b) in July.

According to the Monetary Authority of Singapore (MAS) data, the country's foreign currency reserves hit $362.5b (US$267.1b), up from $357.3b (US$263.6b) in June.

Total securities reached $316.5b (US$223.2b), whilst total currency and deposits with banks hit $59.4b (US$43.8b).

Singapore currently has an IMF reserve position of $1.3b (US$965m).

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