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Foreign Exchange

CLS adds new currencies

CLS has added the Mexican peso and Israeli shekel to the 15 currencies it already processes. Commenting on the news, Banco de México Governor, Guillermo Ortiz, said: “I am pleased that agents who trade Mexican pesos in the foreign exchange market have the necessary infrastructure to operate in a more efficient and safe manner. The inclusion of the Mexican currency into the CLS service is an important step to enhance financial stability in our country.”

Stanley Fischer, governor of the Bank of Israel, said: “The inclusion of the Israeli shekel as a settlement currency in CLS is a significant further step in Israel’s increasing integration into the global economy. By reducing settlement risk in FX transactions, vital to Israel’s open economy, it reinforces the stability and efficiency of Israel’s banks and financial system, and benefits the entire economy.”


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