Taipei Times, 26 Jul 2010
The Singapore dollar is expected to strengthen as the city-state’s economy rapidly expands, the IMF said on Friday.
Singapore, unlike many other economies, uses exchange the rate rather than interest rates to conduct monetary policy.
In a report after annual consultations with Singaporean authorities, the IMF said the Singapore dollar “would likely strengthen in real effective terms over time as reforms promote faster productivity growth and the domestic economy continues to expand. Full Story
