Asia Times — German central bank to add RMB to currency reserves

Summary:
Germany looks to the future. Uncle Sam won't be pleased. HSBC chief executive Stuart Gulliver, speaking at the same conference in Hong Kong, said that the Belt and Road Initiative (BRI) will increase the usage of RMB even further. China’s central bank announced new measures earlier this month to encourage cross-border yuan transactions in support of BRI projects. Asia TimesGerman central bank to add RMB to currency reserves: Follows ECB’s move to include China’s currency last year

Topics:
Mike Norman considers the following as important: Bundesbank, central banking, currency reserves, ECB, renminbi, RMB, yuan

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