Everything You Should Know About Singapore's National Reserves

💰Singapore's national reserves are a secret weapon that enable citizens to enjoy a high quality of life while paying lower taxes.

🔒The national reserves are protected by the constitution and managed by the Monetary Authority of Singapore, GIC, and Temasek Holdings.

💼GIC and Temasek Holdings play a crucial role in managing and growing the reserves, with GIC focusing on safer investments and Temasek pursuing a higher return.

💰The reserves are used for various purposes, including funding expenses, managing inflation, and supporting the economy during crises.

📈The reserves contribute to Singapore's GDP and help maintain stability in the face of economic challenges.

What is included in Singapore's national reserves?

—The reserves consist of various assets, such as cash, shares, bonds, private equities, gold, and even lands and buildings.

How are the national reserves managed?

—The reserves are managed by the Monetary Authority of Singapore, GIC, and Temasek Holdings, with each entity playing a specific role in investment and growth.

What is the 2 key system?

—The 2 key system requires the President's approval for the government to use the money in the reserves, ensuring responsible spending.

How do the national reserves contribute to Singapore's economy?

—The reserves provide stability, support during crises, and contribute to the country's GDP through the Net Investments Returns Contribution (NIRC).

Why is the exact amount of the reserves kept secret?

—Keeping the exact amount private prevents market attacks on the Singapore dollar and maintains the integrity and security of the reserves.

00:00The Singapore national reserves have been hailed as a secret weapon that enables citizens to enjoy a better quality of life while paying lower taxes.

01:02The reserves include various assets such as cash, shares, bonds, private equities, gold, and even lands and buildings.

03:22The reserves are managed by the Monetary Authority of Singapore (MAS), GIC, and Temasek Holdings, with each entity playing a specific role in investment and growth.

06:21MAS manages the Official Foreign Reserves, which include securities, currencies, and even physical gold.

09:11GIC and Temasek Holdings are the entities responsible for managing and growing the reserves, with GIC focusing on safer investments and Temasek pursuing a higher return.

10:14The reserves are used for various purposes, including funding expenses, managing inflation, and supporting the economy during crises.

11:28The exact amount of the reserves is kept secret to prevent market attacks on the Singapore dollar and maintain the integrity and security of the reserves.