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Singapore forex reserves rise in May

Foreign exchange reserves in May were US$276.14 billion, up 0.3 per cent from the previous month.

SINGAPORE: The Republic's foreign exchange reserves stood at US$276.14 billion in May, up from US$275.24 billion in April, the Dow Jones news agency said on Monday (June 9), citing the Monetary Authority of Singapore (MAS).

In Singapore dollar terms, foreign exchange reserves for the month were S$346.17 billion, compared with S$345.51 billion in the previous month, the report said.

MAS does not give reasons for the increase or decrease in its reserves.

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