Venue
Copenhagen, Denmark
Copenhagen, Denmark, Moltkes Palace, Copenhagen Dronningens Tværgade 2 1302 København K Denmark

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Event Date Thu Sep 28 BST (about 7 years ago)
In your timezone (EST): Thu Sep 28 12:00am - Thu Sep 28 12:00am
Location Copenhagen, Denmark
Moltkes Palace, Copenhagen Dronningens Tværgade 2 1302 København K Denmark
Region EMEA
Details

Our series of renminbi roundtables have come a long way since they were launched in 2014 - and so has renminbi. There has been the inclusion by the IMF of renminbi in the Special Drawing Right (SDR) basket and most recently the announcement that the European Central Bank has switched 500 million euros worth of its US dollar reserve to Chinese Yuan for the first time.
The ECB is the most powerful central bank to date to invest in renminbi. This purchase reflects the need to develop closer ties with China, one of Europe's largest trading partners, and acceptance of its position as a global super-economy. Is this switch from US dollar to renminbi a sign of things to come? China is making efforts to erode the dominance of the dollar and establish the renminbi as one of the world's leading international currencies but from a practical reserve manager's point of view questions remain on the convertibility, depth, issuer quality and market infrastructure.

Speakers

Birger Vikøren
Executive Director and Chief of General Secretariat, Norges Bank

Steve Opata
Head of Risk, Treasury Department, Bank of Ghana

Mindaugas Vaičiulis
Executive Director of Banking Services, Bank of Lithuania

Morten Kjærgaard
Head of Reserve Management, National Bank of Denmark

Aniq Aziz
Director of International Market and Investments, State Bank of Pakistan

Juan Carlos Berganza
Head – Emerging Markets, Bank of Spain

Roberto Violi
Senior Director - Portfolio Management Department, Bank of Italy

Sponsors & Partners

Bank of China(Hongkong)