Singapore - Foreign Reserves, Months Import Cover, Goods - actual values, historical data, forecasts and projections were sourced from the. Singapore Domestic Credit reached 862.3 USD bn in Apr 2023, representing an increased of 11.9 % YoY. The downpour began in late May, drenching the wheat crops in central China. We work seamlessly as one GIC, united in the common pursuit of investing for Singapore's future. How do Singaporeans benefit from our Reserves? API users can feed a custom application. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. "[24], After the 1997 Singaporean general election, the Prime Minister wrote to the President on 27 January 1997, seeking his agreement to accrual accounting while explaining the safeguards in place. The average value for Singapore during that period was 155.14 billion Singapore Dollar with a minimum of 4.17 billion Singapore Dollar in January 1972 and a maximum of 579.15 billion Singapore Dollar in February 2022. Singapore - Foreign Reserves, Months Import Cover, Goods - 2023 Data In Singapore, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. . Foreign Reserves Singapore: Foreign exchange reserves - TheGlobalEconomy.com This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Instant access to full history data in excel. The Prime Minister replied the next day with a repeat of the General Manager's explanation and a request that the President hold back the gazetting of his opinion. The General Manager, Lim Han Soon, explained that the CPF's accounts were drafted on an accrual basis[23] where capital expenditure is depreciated over the useful life of the asset, rather than in one lump sum in the year of expenditure. CPF monies are invested in these special securities which are fully guaranteed by the Government. If you decline, your information wont be tracked when you visit this website. Download limits apply. Instant access to full history data in excel. [2] Liabilities held by the Government include MAS-issued bonds such as Singapore Government Securities (SGS)[3] and Government-issued Special Singapore Government Securities (SSGS) that are exclusively purchased by CPF with monies from CPF account holders. Singapore, 27 June 2023 The Secretariat of the Climate Data Steering Committee (CDSC), Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have signed a Memorandum of Understanding (MoU) to collaborate on strengthening access by stakeholders around the world to key climate transition-related data Climate transition-related data refers to data that can be used to inform . These cookies are used to collect information about how you interact with our website and allow us to remember you. The investment of our reserves also provides a valuable stream of income for the Government Budget, which can be spent or invested for the benefit of current as well as future generations. Government bonds issued to the CPF Board. The rise was mainly due to returns from foreign exchange deposit investment and exchange rate movements of other reserve currencies against the USD. Quarterly Unaudited Statistics. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Standard users can export data in a easy to use web interface or using an excel add-in. This also includes the Official Foreign Reserves (OFR) accumulated by the Monetary Authority of Singapore (MAS) and the assets managed by GIC Private Limited (GIC). Therefore, no draw on the Past Reserves would have occurred, irrespective of a general election. Parliament: Size of reserves cannot be disclosed as a matter of This website stores cookies on your computer. The description is composed by our digital data assistant. Today Enterprise Singapore released the latest trade figures showing that non-oil domestic exports (NODX) declined on a seasonally adjusted month-on-month basis by nearly 15% while year-on-year exports declined by almost the same amount. Our reserves are a strategic asset White label accounts can distribute our data. The . February 9, 2023. Singapore's loan growth expected to remain in the red till 2021: RHB MOF | What comprises the reserves and who manages them? Can the Government pay all its debt obligations? Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. On 16 March 2021, President Halimah Yacob assented to the Supply Act 2021 after passage in the 14th Parliament and following its introduction by Minister for Finance Heng Swee Keat. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. Reserves of the Government of Singapore - Wikipedia other issues under the purview of the central bank. As kernels of wheat blackened in the rain, becoming unfit for human consumption, the government mobilized . Record low of foreign arrivals Sadly, not all of the records are positive, of course. [25] POSB was a Key Statutory Board whose Past Reserves came within the President's protection. We have a plan for your needs. The operating surplus of S$23 million had already charged an annual depreciation of S$11 million against the projected income for 1997. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Suitable for enterprise usage. Household Debt of Singapore reached 55.7 % in Mar 2023, accounting for 55.7 % of the country's Nominal GDP. Gold Reserves in Singapore increased to 222 Tonnes in the first quarter of 2023. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. That duty lies with the Government." China Inflation Numbers for May Call for Stimulus, Natural Gas Prices Pull Back After EIA Report, US Labor Market Eases as First-Time Unemployment Claims Reach 261,000, Euro Zone Faced Mild Recession as Q1 GDP Declines by 0.1%, Japans Economy Expands More Than Expected to Test the BoJ, Oil Markets Test Session Highs As Crude Inventories Decline, GBP to USD Forecasts: Bulls Eye a Return to $1.26 on Fed Bets, DAX Set for a Bullish Open on Easing Fed Rate Hike Jitters, Hang Seng Index, ASX200, Nikkei 225: Jobless Claims Eased Fed Fear, EUR/USD Bulls to Target $1.08 on Italian Stats and ECB Chatter, USD/JPY Faces Further Downside Risk and a Return to Sub-138. Register to get unlimited access to more than 11.1b time series and visualizations. Is our CPF money safe? These cookies are used to collect information about how you interact with our website and allow us to remember you. India, a critical security partner of the United States, now buys huge amounts of Russian oil, purchasing one of every two barrels shipped at sea. 1.0860. The five countries with the largest foreign exchange reserves almost all have reserves of at least 500 billion USD and higher and have maintained such an amount for at least a week. The new mechanism will be used to bring down the level of foreign reserves held by the central bank -- currently about S$566 billion ($419 billion) -- to a rate equal to 65% to 75% of gross. Even then, the list was not complete and it took the Government a total of three years to produce the information that the President requested.[20]. Monetary Authority: Assets and Liabilities. Is our CPF money safe? (c) Realised investment gains or losses on the OFR; Buy for $99 More Indicators for Malaysia Check out our pricing options. Available via annual subscription to one or more of CEICs global and premium databases. The stock of international reserves is expressed as the number of months of financing-coverage it represents for the given country's imports of merchandise goods. The sections below elaborate on the Government's reserves management framework: What comprises the reserves and who manages them? Opening Remarks by the Deputy Managing Director Bo Li at the Peer-Learning Webinar Series on Digital Money/Technology in Asia and the Pacific. Taiwan Foreign Exchange Reserves May 2023 Data - TRADING ECONOMICS Non-bank financial institutions. Overview for 26.08.2022, USDCAD: Elliott wave analysis and forecast for 26.08.2022 02.09.2022, The cryptocurrency market digest (BTC). Total Official Foreign Reserves Changes in the Official Foreign Reserves (OFR) are influenced by the following factors: (a) Foreign exchange intervention operations involving the purchase or sale of USD for the purpose of implementing the exchange rate policy; (b) Transfer of assets that are in excess of what MAS deems necessary to maintain conf. We cannot tell what crises - natural calamities, pandemics, wars or economic crises - will hit us in future and what the scale of the damage will be. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. This consultation paper seeks feedback on our proposals to elevate standards and disclosures of ESG ratings and data products in Singapore via a phased and proportionate regulatory approach, starting with a voluntary industry code of conduct for ESG rating and data product providers. We have a plan for your needs. The value is up 6.16 per cent from about 3.20 a year ago, and up 4.15 per cent since the start of 2023. ", "Is our CPF money safe? Foreign exchange reserves of Singapore fell gradually from 462,914.9 million US dollars in May 2022 to 405,882.9 million US dollars in April 2023. June 28, 2023. Singapore Foreign Exchange Reserves 1972-2023 | FX Empire Natural Gas Quick Links: Forecasts Economic Calendar Crypto Commodities FXTM Academy Trade Now ad ad Advertisement Advertisement. Singapore's GIC Set to Manage Extra $137 Billion in Reserves to finance trade imbalances, check the impact of foreign exchange fluctuations and address It was the largest figure since May 2022, boosted by rises in gold & foreign exchange (SGD 430.8 billion vs SGD 405.9 billion in April) and SDRs (SGD 8.5 billion vs SGD 8.4 billion). What is the President's role in safeguarding the reserves? The other two countries with over a trillion U.S. dollars in reserves last year include Japan and Switzerland. To find out more about the cookies we use, see our Cookies Policy. President's access to information concerning the reserves, Approval of the Central Provident Fund's budget for the financial year of 1997, Sale of Post Office Savings Bank of Singapore to DBS, 2020-21 Singapore circuit breaker measures, "Corrections regarding HDB's deficits and Singapore's Past Reserves", "What comprises the reserves and who manages them? No transfer or pledge: Savings Bonds may not be transferred or pledged without the prior approval of the Monetary Authority of Singapore ("MAS"). On 23 March 2022, President Halimah Yacob assented to the Supply Act 2022 after passage in the 14th Parliament and following its introduction by Minister for Finance Lawrence Wong. 2000 - 2023 | Monthly | USD mn | CEIC Data. The reserves refer to the total assets minus liabilities of the Government and other entities specified in the Fifth Schedule under the Constitution 1. Press Releases and Announcements on Singapore's bilateral tax treaties. Download limits apply. The maximum volume of reserves was 127 Tonnes and minimum was 0 Tonnes. In the final analysis, it is the Government which would have to recommend whether this is a principle that should guide my actions. Singapore Foreign Exchange Reserves: % of GDP, 2000 - 2023 - CEIC Data 2021 CEIC Data, an ISI Emerging Markets Group Company. "[24], The President replied on 20 December with an agreement to hold back the gazetting of his opinion and his intention to withhold approval of the budget until the issue has been resolved. The Acts respectively provided for a drawing on the Past Reserves of a sum not exceeding S$1.125 billion[14] and S$3.763 billion[15] (S$4.888 billion in total) to alleviate the adverse economic effects caused by the Financial crisis of 2007-2008. Position [1], Another example can be found when Central Provident Fund (CPF) monies are used by the CPF Board to invest in the exclusive purchase of Government-issued Special Singapore Government Securities (SSGS), the proceeds from these purchases go into the Past Reserves.[10]. 21 Richest Countries in Asia. Government's assets include: Physical assets like land and buildings; Financial assets like cash, securities and bonds. Singapore Foreign Exchange Reserves May 2023 Data - TRADING ECONOMICS The reserves were equal to about 111% of GDP as of the third . All rights reserved, Unlimited access tailored to your data needs, Singapore Foreign Exchange Reserves: % of GDP. Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (SGD bn), Govt Finance: Cash Surplus / Deficit (SGD mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Foreign Portfolio Investment: % of GDP (%), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: FA: Direct Investment: Assets (SGD mn), BoP: FA: Financial Derivatives: Liabilities (SGD mn), BoP: Official Reserves (OR): Net (SGD mn), BoP: CA: Primary Income Balance: Receipts (SGD mn), BoP: CA: Secondary Income Balance (SGD mn), BoP: Financial Account (FA): Net (SGD mn), BoP: FA: Portfolio Inv: Liabilities (SGD mn), BoP: Current Account (CA) Balance (SGD mn), BoP: CA: Primary Income Balance: Payment (SGD mn), BoP: FA: Direct Investment: Liabilities (SGD mn), BoP: FA: Financial Derivatives: Assets (SGD mn), BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn), BoP: FA: PI: Liabilities: Debt Securities (SGD mn), International Investment Position (IIP) (SGD mn), External Debt: Gross: OL: DTC: Long Term (SGD mn), External Debt: Gross: OL: DTC: Short Term (SGD mn), External Debt: Gross: OL: OS: Long Term (SGD mn), External Debt: Gross: OL: OS: Short Term (SGD mn), FDI: By Industry: Financial & Insurance Services (SGD mn), Foreign Direct Investment (FDI): Total (SGD mn), FDI: By Industry: Wholesale & Retail Trade (SGD mn), FDI: By Industry: Professinal, Administrative & Support Services (SGD mn), Business Entities (BE): Formation: Total (Number), SG: BOP: Current Account: Personal Remittances: Received (USD mn), Foreign Exchange Reserves: Months of Import (NA), Credit to Private Non-Financial Sector (USD bn), ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn), DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn), DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn), DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn), DBU: Loans & Advances: Total, Including Bills Financing (SGD mn), DBU: Loans & Advances: Consumer Loans (CL) (SGD mn), Composite Leading Index: 2015=100 (2015=100), Singapore Residential Property Transaction: Value: Detached (SGD th), Singapore Residential Property Transaction: Value: Detached: Central (SGD th), Singapore Residential Property Transaction: Value: Detached: East (SGD th), Singapore Residential Property Transaction: Value: Detached: North (SGD th), Singapore Residential Property Transaction: Value: Detached: North East (SGD th), Singapore Residential Property Transaction: Value: Detached: West (SGD th), Singapore Residential Property Transaction: Value: Semi Detached (SGD th), Singapore Residential Property Transaction: Value: Semi Detached: Central (SGD th), Singapore Residential Property Transaction: Value: Semi Detached: East (SGD th), Singapore Residential Property Transaction: Value: Semi Detached: North (SGD th), Singapore Residential Property Transaction: Value: Semi Detached: North East (SGD th), Singapore Residential Property Transaction: Value: Semi Detached: West (SGD th), Singapore Residential Property Transaction: Value: Terrace (SGD th), Singapore Residential Property Transaction: Value: Terrace: Central (SGD th), Singapore Residential Property Transaction: Value: Terrace: East (SGD th), Singapore Residential Property Transaction: Value: Terrace: North (SGD th), Singapore Residential Property Transaction: Value: Terrace: North East (SGD th), Singapore Residential Property Transaction: Value: Terrace: West (SGD th), Singapore Residential Property Transaction: Value: Apartment (SGD th), Singapore Residential Property Transaction: Value: Apartment: Central (SGD th), Singapore Residential Property Transaction: Value: Apartment: East (SGD th), Singapore Residential Property Transaction: Value: Apartment: North (SGD th), Singapore Residential Property Transaction: Value: Apartment: North East (SGD th), Singapore Residential Property Transaction: Value: Apartment: West 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Detached: Central (Unit), Singapore Residential Property Transaction: Deal: Detached: East (Unit), Singapore Residential Property Transaction: Deal: Detached: North (Unit), Singapore Residential Property Transaction: Deal: Detached: North East (Unit), Singapore Residential Property Transaction: Deal: Detached: West (Unit), Singapore Residential Property Transaction: Deal: Semi Detached (Unit), Singapore Residential Property Transaction: Deal: Semi Detached: Central (Unit), Singapore Residential Property Transaction: Deal: Semi Detached: East (Unit), Singapore Residential Property Transaction: Deal: Semi Detached: North (Unit), Singapore Residential Property Transaction: Deal: Semi Detached: North East (Unit), Singapore Residential Property Transaction: Deal: Semi Detached: West (Unit), Singapore Residential Property Transaction: Deal: Terrace (Unit), Singapore Residential Property Transaction: Deal: Terrace: Central (Unit), Singapore Residential Property Transaction: Deal: Terrace: East (Unit), Singapore Residential Property Transaction: Deal: Terrace: North (Unit), Singapore Residential Property Transaction: Deal: Terrace: North East (Unit), Singapore Residential Property Transaction: Deal: Terrace: West (Unit), Singapore Residential Property Transaction: Deal: Apartment (Unit), Singapore Residential Property Transaction: Deal: Apartment: Central (Unit), Singapore Residential Property Transaction: Deal: Apartment: East (Unit), Singapore Residential Property Transaction: Deal: Apartment: North (Unit), Singapore Residential Property Transaction: Deal: Apartment: North East (Unit), Singapore Residential Property Transaction: Deal: Apartment: West (Unit), Singapore Residential Property Transaction: Deal: Condominium (Unit), Singapore Residential Property Transaction: Deal: Condominium: Central (Unit), Singapore Residential Property Transaction: Deal: Condominium: East (Unit), Singapore Residential Property Transaction: Deal: Condominium: North (Unit), Singapore Residential Property Transaction: Deal: Condominium: North East (Unit), Singapore Residential Property Transaction: Deal: Condominium: West (Unit), Singapore Residential Property Transaction: Avg Price: Detached: Central (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Detached: East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Detached: North (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Detached: North East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Detached: West (SGD/Unit th), Singapore Residential Property Trans: Avg Price: Semi Detached: Central (SGD/Unit th), Singapore Residential Property Trans: Avg Price: Semi Detached: East (SGD/Unit th), Singapore Residential Property Trans: Avg Price: Semi Detached: North (SGD/Unit th), Singapore Residential Property Trans: Avg Price: Semi Detached: North East (SGD/Unit th), Singapore Residential Property Trans: Avg Price: Semi Detached: West (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Terrace: Central (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Terrace: East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Terrace: North (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Terrace: North East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Terrace: West (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Apartment: Central (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Apartment: East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Apartment: North (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Apartment: North East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Apartment: West (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Condominium: Central (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Condominium: East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Condominium: North (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Condominium: North East (SGD/Unit th), Singapore Residential Property Transaction: Avg Price: Condominium: West (SGD/Unit th), Singapore Contracts Awarded: New Works (SGD mn), Singapore Contracts Awarded: New Works: Public (SGD mn), Singapore Contracts Awarded: New Works: Public: Total Building (SGD mn), Singapore Contracts Awarded: New Works: Public: Residential (SGD mn), Singapore Contracts Awarded: New Works: Public: Commercial (SGD mn), Singapore Contracts Awarded: New Works: Public: Industrial (SGD mn), Singapore Contracts Awarded: New Works: Public: Institutions & Others (SGD mn), Singapore Contracts Awarded: New Works: Public: Civil Engineering (SGD mn), Singapore Contracts Awarded: New Works: Private (SGD mn), Financial System: Monetary Authorities: Annual, Financial System: Nonbank Financial Institutions, Loans & Advances: To Non Bank Customers: Asian Currency Units (ACU), Monetary Authorities: Assets and Liabilities, Monetary Survey: Domestic Banking Units (DBUs) and Asian Currency Units (ACUs), Asian Currency Units: Maturities of Assets and Liabilities, Financial System: Deposit Money Banks: Annual, Financial System: Nonbank Financial Institutions: Annual, International Reserves and Foreign Currency Liquidity, Loans & Advances: To Non Bank Customers: Domestic Banking Units (DBU), Monetary Survey: Domestic Banking Units (DBUs), Money Supply: Domestic Banking Units (DBUs) and Asian Currency Units (ACUs), Singapore Foreign Exchange Reserves: % of GDP was reported at 63.730 % in Mar 2023, This records an increase from the previous number of 59.942 % for Dec 2022, Singapore Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 86.912 % from Jun 2000 to Mar 2023, with 92 observations, The data reached an all-time high of 105.047 % in Mar 2021 and a record low of 59.872 % in Sep 2022, Singapore Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data, The data is categorized under World Trend Pluss Global Economic Monitor Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly: Asia.
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