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Singapore guarantees $102B of deposits
singapore (ap) -- singapore said thurisday it will guarantee 150 billion singapore dollars (us$102 billion) of bank deposits for more than two years after regional finance rival hong kong moved to prot;prect its deposits earlier this week .
singapore guarantees $1 2b of deposits commitment billed as
the government committed s$150 billion of its reserves to guarantee all local and foreign currency deposits of individual and nonbank customers of banks, financial companies and merchant banks until december 31, 2010, the finance ministry and central bank said in a joint statement .