Bank of Korea to invest in renminbi in 2012

Bank of Korea, Seoul

A senior official from the Bank of Korea has revealed the central bank is set to invest in Chinese renminbi in 2012.

In an interview in the book RBS Reserve Management Trends 2012, to be published by Central Banking Publications tomorrow, the head of reserve management at the central bank, Heung Sik Choo, said: "We will start to invest in the renminbi this year. We will invest in bonds first and equities later."

The move is part of a shift to look at emerging market currencies, not traditionally

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: