Bundesbank to include renminbi in reserves

Onshore renminbi jumps to strongest level against the dollar for more than two years, following comment from Germany’s central bank

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Renminbi inclusion: Germany’s Bundesbank has been collaborating with its Chinese counterpart

Germany’s central bank has decided to include the renminbi in its currency reserves in a move that could boost the internationalisation of the Chinese unit.

Speaking in Hong Kong on January 15, Andreas Dombret, a member of Deutsche Bundesbank’s executive board, said the call was made last year, following the European Central Bank’s decision to invest €500 million ($611 million) in the renminbi.

He also mentioned the increasingly global role of the renminbi and its inclusion in the

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