KM Financial Solutions | UPDATE 1-Bundesbank looking to place some reserves into Chinese yuan
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UPDATE 1-Bundesbank looking to place some reserves into Chinese yuan

UPDATE 1-Bundesbank looking to place some reserves into Chinese yuan

FRANKFURT, Jan 15 (Reuters) – Germany’s central bank is
looking to place some of its currency reserves into yuan given
the Chinese currency’s increased global role, although further
preparatory work would be required to make a transaction, the
Bundesbank said on Monday.

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