SINGAPORE: Asian foreign exchange reserves have grown strongly since the start of 2004, rising by over US$164bil to US$2.073 trillion in the first two months of the year, according to figures from the region’s central banks.
Figures this week showed Singapore’s reserve holdings rose by US$2.5bil in February to US$101.1bil – making it the seventh Asian economy after Japan, China, Taiwan, South Korea, Hong Kong and India to hold over US$100bil in reserves.
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