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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

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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 Times
German central bank to add RMB to currency reserves: Follows ECB’s move to include China’s currency last year
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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