PBOC's Yi Reveals Some Non-Dollar Reserves in Transparency Bid

  • Nation holds euro, yen, pound, developing nations' assets
  • Disclosure improves communication with market: Commerzbank

Yi Gang.

Photographer: Qilai Shen/Bloomberg

A Chinese central bank official disclosed for the first time the sources of non-dollar assets in its foreign-exchange reserves, the latest gesture by the monetary authority to respond to calls for increased transparency of its currency policy.

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