The survey confirms the continued momentum of renminbi. Respondents on average predicted that it will reach 8.5% of global reserves by 2020 which would represent a very large increase from the latest IMF published level of 1.2% as at end 2017,comments Christian Déséglise, global head of central banks, sovereign wealth and public funds at HSBC, the survey sponsor.
As many as 29 reserve managers contributing to the Reserve Management Trends survey think the yuan will account for 10-20% of their foreign exchange portfolio by 2020
Yer İmleri