Kazakhstan may convert some reserves into yuan: reports

grigory-marchenko

Kazakhstan may convert some foreign currency reserves into China's yuan should it become a globally recognised as a reserve currency, Grigory Marchenko, the central bank governor, said on Tuesday, Reuters reports.

The governor also hinted that a currency swap deal was close to finalisation, with Reuters reporting Marchenko as saying that the central banks of Kazakhstan and China had reached agreement on currency swap deals. "If we effectively transit to payments in national currencies among the

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