Finance and Insurance

Official Foreign Reserves

Refers to the gross official reserves held by the Monetary Authority of Singapore (MAS). The data include gold and foreign exchange, Special Drawing Rights (SDR) and Singapore’s reserve position in the International Monetary Fund (IMF). Prior to May 1999, Singapore’s official foreign reserves were valued at book cost. With effect from May 1999, the book value of foreign reserve assets are translated at market exchange rates prevailing at the end of each reporting month.