The SGD is already recognized as a regional safe haven, particularly in Asia, thanks to Singapore's political stability, fiscal discipline, low inflation, and robust monetary policy managed by the MAS through a managed float against a basket of currencies.
In summary, yes, SGD has strong potential to solidify as a "new" safe haven by 2040, evolving from its regional niche to a more global one, especially for USD diversifiers in emerging markets and Asia-Pacific portfolios. The DBS outlook underscores this through projected growth and inflows, but success hinges on Singapore maintaining its edge in productivity, openness, and neutrality
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