Latam reserve managers experiment with renminbi
Mexico goes onshore while Uruguay deploys CNH
Reserve managers at a number of Latin American central banks have started investing in renminbi-referenced assets, although allocations remain small and some might not show up as yet in data produced by the International Monetary Fund (IMF).
For example, Mexico and Uruguay have recently started making allocations to renminbi using varying approaches, according to speakers at Central Banking's National Asset-Liability Management Americas event, held late last week.
The Bank of Mexico started
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