| The inclusion of the Chinese yuan in the International Monetary Fund’s basket of reserve currencies on Oct. 1 will not meaningfully increase its usage by multinationals — at least for the moment, experts say.
“The direct impact on corporate finance will be minimal,” said Evan Goldstein, global head of renminbi solutions at Deutsche Bank in Hong Kong. “It is another signpost along the journey towards [the yuan’s] internationalization.” Yuan are commonly referred to as renminbi..............................................Full Article: Source
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