ECB Sells Dollars, Buys Renminbi

ECB: ECB completes foreign reserves investment in Chinese renminbi equivalent to €500 million

The European Central Bank (ECB) completed an investment equivalent to €500 million of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017, implementing a decision taken by the ECB Governing Council on 20 January 2017.