Sarb’s Marais hails 'smooth rollout' of onshore renminbi programme

South African Reserve Bank

A senior South African Reserve Bank (Sarb) official said trading onshore Chinese renminbi was "much easier than we thought it would be" at Central Banking's National-Asset Liability Management symposium in Johannesburg yesterday.

Andre Marais, assistant head of reserve management at the Sarb, was speaking just over six months after the central bank launched its investments in onshore Chinese renminbi, a process that led it to develop its relationship with the People's Bank of China (PBoC).

The c

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 indvidual account here: