Renminbi investments to be included in Singapore reserves
Monetary Authority of Singapore says it is now easier to repatriate funds
The Monetary Authority of Singapore (MAS) will start including its renminbi investments in its official foreign reserves this month, it announced today (June 22).
As of May, MAS held $247.1 billion in foreign reserves. This did not include its investments in the Chinese renminbi as "there were previously restrictions on the repatriation of these funds".
Citing the "significant steps" taken by China's authorities to ease access to foreign exchange and securities markets, MAS will begin including
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