CLS discusses renminbi inclusion with PBoC
Talks still in the exploratory phase
CLS has been in discussions with the People's Bank of China (PBoC) on whether to include the renminbi in the universe of currencies it settles, but despite "several years" of talks, the process is still in the exploratory phase, a representative from the utility told delegates at the 14th FX Week Europe conference.
"We've been in discussion with central banks, including the PBoC, for several years. This is a very exploratory phase still – it's one of the preliminary phases," said Juan Gutierrez
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Emerging Markets
The EM units to watch as US and China make peace – Swissquote
Currencies such as the Thai baht, which trades heavily with China, should benefit from easing tensions
US sanctions on Venezuela could spell end of petro
Crypto asset is backed by oil reserves the country can barely commercialise
Jamaica uses social media to calm markets after FX intervention
Central bank's Wynter says FX volatility is nothing to worry about, but makes veiled warning
Lebanese pound finds support in newfound political unity
As new government forms, investors are more willing to sell dollars and buy Lebanon’s currency
Investors eye Mexico and Brazil amid hopes in regime change
They believe a projected weakening in the dollar will support emerging markets
ACI partners ICA to promote FX Global Code in Mena
Financial market association joins forces with Interarab Cambist Association
Edgewater launches Latam FX venue
LatamFX.Pro will aid price discovery in the Mexican, Chilean, Colombian and Argentine peso, the Brazilian real and Peruvian sol
Venezuela launches app for FX conversion
App allows members of the public to convert prices into the new bolivar soberano
