Thread by @SAH16928046

What we can learn from Singapore @MAS_sg during its early period from a systemic risk management perspective->
1. Building of forex reserves under Dr Goh after Independence
2. Accumulation and Placement of the Currency Reserves
3. Diversification of the reserves
A case study.

I wish countries, which are today struggling to mobilize hard reserve currency, should make the example of Singapore under Dr Goh a part of their compulsory reading curriculum.
If a tiny city-state can do it, others can follow a good example too.
#SriLankaCrisis #Pakistan

Yes, Encashable Precious Metals, Commodities and other Fossil Fuel Reserves/Inventory, such as oil/gas, should be added to the FX Reserves.
I believe Forex Reserves Reporting Methodology needs some fine-tuning by @BIS_org

There should be some new International Financial Law or Banking Law, which should clearly lay down the conditions based on which global financial institutions and countries can impound forex reserves of other countries.
This problem started when Ghani was driven out of Kabul.

After Afghanistan lost somewhere around USD$10 billion, the Russian forex reserves worth approx $400 billion were impounded.
Who is next?
Not that I admire what happened in either Kabul or Ukraine.
Some legal explanation is required.