Posted inAustralia, China, European Union, Hong Kong, Oceania, World

German central bank to add RMB to currency reserves

Bundesbank board member Andreas Dombret revealed on Monday that the bank has decided to include China’s yuan in its reserves, adding to a string of recent news reflecting the currency’s increasing prominence on the world stage. “The notable development from the European point of view over the past few years has been the growing international […]