Methods of Valuation of Currency Fund and Its Assets

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(version history — see timeline)

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

REVISED EDITION 1990

(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.

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