Korea denies renminbi reserves interest

The Bank of Korea has issued a strong denial in response to a story claiming the central bank had looked into but ultimately rejected shifting some of its reserves into renminbi.

A statement posted on the Bank of Korea's website on Tuesday gave "clarification" regarding a story that appeared in Money Today, part of the India Today news group, which was headlined: "Bank of Korea Studied Including Yuan in Official Foreign Reserves."

The central bank said: "The article under the headline above,

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