Lee Kuan Yew Foreign exchange reserves

Mr Lee said, "We must stay well organised, and keen and hardworking to be able to take advantage of an upturn in international trade, especially in manufacturing products, when the present troubled political and financial situation is settled. By then, prices of basic foods like rice should go down dramatically with normal harvests.

In this way, we can ride over the presently rough economic conditions and gradually but steadily raise our real living standards."

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