South Korea's central bank had studied expanding its foreign exchange reserves into yuan assets, a local online media outlet quoted an official at the Bank of Korea as saying on Monday.
"(The Bank of Korea) carried out research into whether to include the Chinese yuan in foreign exchange reserves to reflect recent trends (in other countries)," MoneyToday quoted an unnamed official at the central bank as saying.
But the South Korean central bank has put the study on hold after judging regulatory issues in China remained and on concerns about the ability to promptly withdrawal invested money when necessary, the official was also quoted as saying.
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