Bundesbank eyes small RMB allocation for FX reserves

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Bundesbank eyes small RMB allocation for FX reserves

Andreas Dombret Bundesbank

Germany's domestic central bank said this week that it would start buying renminbi assets. Andreas Dombret, a member of the board at the Bundesbank, indicated to GlobalRMB that the central bank — like others in the developed markets — would follow the European Central Bank’s small initial allocation to the currency.

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