Central Banking

CLS adds peso and shekel to settlement fold

CLS bank announced that it will settle payment instructions in the Mexican peso and Israeli shekel this week, bringing the number of currencies processed by the bank to 17.

Over half of all member banks, of which there are now 61 with the addition of two Israeli banks, will be able to settle in these two currencies straight away, CLS said.

Guillermo Ortiz and Stanley Fischer, governors of the central banks of Mexico and Israel respectively, expressed their pleasure at seeing the currencies join

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