Bundesbank eyes small RMB allocation for FX reserves

Andreas Dombret Bundesbank
By Paolo Danese
19 Jan 2018

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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