Currency Act
(Chapter 69, Sections 21(8) and (9))
Methods of Valuation of Currency Fund and Its Assets
N 2
G.N. No. S 257/1982

(25th March 1992)
[15th April 1981]
The Board of Commissioners of Currency, Singapore, has, with the approval of the President, adopted the following methods of valuation of the Currency Fund and its assets:
(a)Gold bought before 1st January 1981 shall be valued at US$42.22 per troy oz;
(b)Gold bought after 1st January 1981 shall be valued at the market-related price as at 31st December;
(c)Foreign assets including silver shall be valued at the closing market prices as at 31st December; and
(d)Conversion into Singapore dollars shall be done at the closing market-related exchange rates as at 31st December.