Central Banking

CLS set to add Russian ruble in November, source says


The Russian ruble is set to join the universe of currencies settled through industry utility CLS in November, making it the first currency to be added to CLS since 2008, a person familiar with internal discussions told Centralbanking.com's sister publication FX Week.

CLS has been pushing to bring the ruble into its settlement process along with a number of other currencies, including the units of Brazil, Chile, Thailand and China for the past few years. It has been in discussions with the

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