Thu, Jul 30, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Central banks’ investment in yuan puts currency nearer reserve status

Posted on 07 April 2014

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility, Standard Chartered said.
Twenty-three countries have publicly declared their holdings in yuan, in either the onshore or offshore markets, yet the real number of participating central banks could be far more than that, said Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 41667 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
July 2015
S M T W T F S
« Jun    
 1234
567891011
12131415161718
19202122232425
262728293031