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The European Central Bank has completed its investment in RMB foreign exchange reserves

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-06-20
According to the European Central Bank e-mail sent a statement, the European Central Bank has completed the foreign exchange reserves of RMB investment, the size of the equivalent of 500 million euros.

Phoenix said on June 14 that the European Central Bank said in a statement that the move reflects the rise of the renminbi as an international currency and that China is as important as one of the largest trading partners in the eurozone.

The European Central Bank to sell its "small" dollar reserves to carry out the investment, the overall size of foreign exchange reserves remain unchanged.

The ECB holds about 48 billion euros in foreign exchange reserves, of which about three quarters are dollar assets. The above investment in Renminbi was completed in the past six months by selling a small amount of dollar assets.


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