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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Singapore sets aside S$150 billion of to guarantee currency deposits

Posted on 17 October 2008

From Bernama.com.my: The Singapore Government has set aside S$150 billion of its reserves to guarantee all Singapore dollar and foreign currency deposits in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore (MAS).

The guarantee is with immediate effect and would remain in place until the end of 2010, Singapores Finance Ministry and MAS announced in a joint- statement released here Thursday….. Full Article: Source


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