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08-04-2023, 06:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
As SG has limited gold and zero natural assets, our SGdollars worth are basically what foreign fiat we are holding.
As USD is collapsing, is MAS getting rid of it?
But having said that, every other currency is held also against USD.
Thus, it is in everyone's interest that phasing out USD as reserve currency be done gradually instead of a sudden collapse.
Will it?
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/how-much-usd-is-mas-holding.338918/).
As SG has limited gold and zero natural assets, our SGdollars worth are basically what foreign fiat we are holding.
As USD is collapsing, is MAS getting rid of it?
But having said that, every other currency is held also against USD.
Thus, it is in everyone's interest that phasing out USD as reserve currency be done gradually instead of a sudden collapse.
Will it?
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/how-much-usd-is-mas-holding.338918/).