Indonesia Is Latest to Add Yuan to Its Reserves - WSJ.com
Indonesia's central bank has begun buying yuan-denominated bonds
issued in mainland China, joining a growing number of countries moving
to add the Chinese currency to their foreign-exchange reserves.
Concerns over the long-term prospects of the U.S. dollar and a weakening
euro have led some countries to look at the yuan as an alternative to
add to their official stockpiles of foreign-currency funds. Chinese
officials, who keep the currency under tight control, have encouraged
the move as part of their push for a greater role for the yuan in
international trade and investment.
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