Singapore's foreign exchange reserves slipped slightly to SGD 515.48 billion in July 2025 from SGD 515.78 billion in June. The dip was mainly due to a decline in gold and forex holdings, which fell to SGD 505.38 billion. Special Drawing Rights remained stable at SGD 8.3 billion, while the IMF reserve position edged up to SGD 1.79 billion. Compared to a year ago, total reserves have risen from SGD 506.43 billion, indicating a moderate annual growth despite monthly fluctuations.

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