The Bank of Italy on Tuesday
signed a cooperation deal with China to include the yuan or
renminbi in its reserves.
"It's an important step, the Chinese financial system is
assuming an ever greater weight inside the international
financial system," Deputy Director-General Fabio Panetta told a
press conference with Economy Minister Giovanni Tria in Beijing.
Panetta recalled that the BoI is among the first Euroepan
institutions to include the yuan after the European Central Bank
and the Bundesbank.
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