Singapore is the only country in Asean that really owns its own foreign reserves-- not borrowed reserves,
2.
Since the swap contracts were liabilities, the reserves the BOT got from this transaction were considered borrowed reserves.
3.
Under inflationary pressure in 1979, the Fed temporarily abandoned interest rate targeting in favor of targeting non-borrowed reserves.
4.
As of the same period Feb 13, 1997, the BOT posted borrowed reserves of $ 11.45 billion from the swap contracts and another $ 600 million from the repurchase contracts.
5.
As of the same period Feb 13, 1997, the BOT posted borrowed reserves of $ 11 . 45 billion from the swap contracts and another $ 600 million from the repurchase contracts.
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