Chile’s monetary authorities are considering including the Chinese currency in the country’s foreign reserves portfolio, according to a statement from central bank governor José De Gregorio on September 14. The announcement comes shortly after a decision by Nigeria to diversify as much as 10% of its $35 billion foreign reserves into renminbi, Asiamoney says.
According to public data, Chile’s foreign reserves amount to roughly $35 billion, of which almost 50% is invested in dollar assets, 35% in euros and 15% in investments denominated in other currencies.