The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
Since the central bank dramatically changed the way it values the dong, treasurers have been warned to become proactive about monitoring and managing new risks associated with it.
In a co-published feature, Citi and Cabot Corporation detail how treasurers are focusing on best practice implementations that will optimise their treasury and finance function. Cabot’s shared services centre ...