The UAE Central Bank has held talks about buying Chinese assets as it mulls diversifying some of its foreign exchange reserves away from the US dollar.
At present almost all the regulator's Dh183.1 billion (US$49.85bn) of foreign currency assets are denominated in dollars.
Any purchase of yuan-denominated bonds, equities or other assets would open the way for a greater use of the Asian giant's currency in trade and investment between China and the UAE.
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