Deposits of residents outside Singapore at highest since Feb 2016: MAS data
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DEPOSITS of residents outside Singapore held by Singapore-based banks rose to its highest level not seen since early-2016, preliminary data from the Monetary Authority of Singapore on Friday showed.
The monthly data showed that some S$49.76 billion from residents outside Singapore were held in through the domestic banking unit as at October this year.
It includes deposits from persons with registered addresses outside Singapore - including overseas residents - Singaporeans working abroad, and companies with a registered address outside Singapore.
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