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30% central banks plan to add yuan to their reserve assets: Survey
short by Ravi Dutta Mishra / on 22 Jul 2021,Thursday
About 30% of central banks plan to increase yuan holdings over the next 12-24 months, compared with just 10% last year, the Global Public Investor survey, published annually by the London-based OMFIF think tank showed. In contrast, 20% of central banks plan to reduce their holdings of the US dollar and 18% plan to reduce their euro holdings.
short by Ravi Dutta Mishra / 12:18 pm on 22 Jul
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