Teo Chee Hean: Currency Managed For The Long Term, Not Short Term

Nasdaq
Singapore Deputy Prime Minister Teo Chee Hean said Wednesday that the city-state manages its currency for long-term and not short- term purposes.
"We don't manage it (Singapore dollar) for short-term purposes--we believe that's the most rational policy for management of the exchange rate," Teo said at an industry conference in Singapore. Full story