Singapore's foreign reserves gained 11.73% to US$282.38b in January

Its gold and forex reserves climbed by 3.95%.

Singapore's foreign reserves gained 11.73% YoY to US$282.38b in January, the Monetary Authority of Singapore (MAS) revealed.

According to preliminary data, gold and forex reserves reached $367.09b, up by 3.95% from last year.

Meanwhile, Singapore's reserve position in the International Monetary Fund (IMF) hit $1.08m, whilst its special drawing rights rose to $1.42m.

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