Foreign currency bank deposits in Singapore hit record high in April as investors seek safe haven from global uncertainties
Today·2020-06-04 12:17
SINGAPORE — With a pandemic causing financial markets to tank and lots more uncertainty still on the horizon, investors have been flocking to keep their cash in Singapore, with bank deposits in foreign currencies reaching an all-time high of S$26.9 billion in April.
In fact, such deposits have been steadily increasing since July, last year, data from the Monetary Authority of Singapore shows.
……Singapore Business
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