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how much net foreign reserve sg have?
Comon wisdom is US$127 billion,98 % of GDP.pl read
this table
Global
Financial Stability Report: Market Developments and Issues
September 2006. www.imf.org --home page
page 38
,Table 1.5. Net International Reserves: Leading Economies
2.can we count GIC's holdings of US $129 billion:page 39 of the
above report
Some authorities have also taken note of the
example of Singapores Government Investment
Corporation (GIC), established in 1981 to manage
the investment of a share of the nations
official external assets. Certain assets held by
the GIC are not eligible to be counted as official
reserves, with the result that some of the more
than $100 billion that is managed by the GIC
does not figure into the nations public stock of
official reserves ($129 billion as of May
2006).
---
page 39 of the report
3.if we can count ,then net foreign reserve would be US$256
billion.
be careful,many people out there are more interested in our
$$,
which is highly cash convertibale(90 % almost instanly),
than land ,people and other assests .
The reserve is also a major weapon if Sg dollars attacked.
