How IKEA and Intertek have puzzled out the RMB
With the increasing liberalisation of renminbi, corporates such as IKEA are using it for trade settlement, treasury currency, as well as an investment instrument.
Treasurers at IKEA and Intertek Group have said renminbi is a global currency for usage in their global portfolios. Although this is not the case for everyone, both claim they are able to treat it like they would the US dollar and the euro.
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