Bundesbank to begin investing in renminbi

china-yuan-renminbi-2

The Deutsche Bundesbank will begin investing in Chinese renminbi, it confirms in an official statement today (January 15). It is also considering investing in other foreign currencies.

The German central bank says its executive board decided to invest in the currency in the summer of 2017, according to a statement sent to Central Banking: “Once the requisite organisational and technical preparations have been completed, the investment in renminbi will be effected.”

The statement confirms

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.