They had a fairly decent chunk of monetary stimulus: http://www.businessweek.com/news/2010-04-13/singapore-central-bank-seeks-one-time-revaluation-of-currency.h

They had a fairly decent chunk of monetary stimulus: http://www.businessweek.com/news/2010-04-13/singapore-central-bank-seeks-one-time-revaluation-of-currency.html http://www.businessweek.com/news/2010-04-13/singapore-centra...