CLS to add three new currencies
LONDON - CLS Bank is working with authorities in Turkey, Thailand and Chile to add the countries' local currencies onto its settlement system, the settlement service said.
CLS currently administers payment-versus-payment services for 17 currencies, which most recently in 2008 saw the addition of the Mexican peso and Israeli shekel.
An official at CLS said any new currencies are likely to be added in the first quarter of 2011.
The baht was originally targeted for launch this year (FX Week
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