Omfif: central banks are increasing renminbi reserves

Demand for renminbi is on the rise, with 30% of central banks planning to increase their exposure to the Chinese currency over the coming two years. This compares with just 10% last year. This is among the findings in the Global Public Investor (GPI) 2021 report released by the Official Monetary and Financial Institutions Forum (Omfif) on Wednesday (July 21). As part of the research, the independent think tank which focuses on central banking surveyed 102 global central banks, s…