April 1, 2021 Crunch time for Singapore Dollar and Renminbi Singapore, China, Emerging Markets, FX, Global SGD, RMB Olivier Desbarres We estimate that the USD-value of central bank FX reserves – adjusted for currency-valuation effects – in China, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand rose by about $342bn (1.5% of GDP) between end-March 2020 and end-February... Read More...
