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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Singaporeans nervous as reserves plunge

Posted on 16 February 2009

From Bt.com: Singapore’s hard-earned reserves, which are tied to the island states global investments, have plunged in unprecedented proportions over the past year. In just eight months, the invested portfolio of the state investment corporation, Temasek, fell by a staggering S$58 billion — or 31 per cent.

That it has dropped from S$185 billion in March to S$127 billion in November is confirmation of the extreme pessimism that had been privately spreading among informed citizens for more than a year….. Full Article: Source


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