This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http: That brings the total of such countries to There are currently countries using the yuan as a trade currency. China has embarked on a years-long effort to increase the status of its currency in a bid to increase geopolitical stature. Last month, the International Monetary Fund included the yuan in its basket of reserve currencies , along with the U.

That means the IMF will use the yuan as one of its lending currencies in emergency bailouts. Companies have also been conducting more business in yuan , and Swift reported that the currency was used in 2. That said, yuan adoption by U. Most of the growth in yuan payments has come through trade with Singapore, the U.

K, and South Korea, she added. As tax reform details continue to be defined, CFOs and tax executives need to develop tax plans that are agile enough to address a range of various scenarios and that consider how potential tax reform could affect tax liabilities, balance sheets and core business strategies.

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The Chinese yuan won’t become a global reserve currency any time soon — Quartz

Backlash to Botched Ads Erupts Faster Than Ever. By Vipal Monga Vipal Monga. Newmont Mining, Varian Medical Systems, Diplomat Pharmacy, Nokia Next Qualcomm Creating Subsidiary to Avoid NXP Tax Hit. Content from our sponsor Deloitte CFO insight and analysis written and compiled by Deloitte Despite Uncertainty of Tax Reform, CFOs Are Expected to Plan As tax reform details continue to be defined, CFOs and tax executives need to develop tax plans that are agile enough to address a range of various scenarios and that consider how potential tax reform could affect tax liabilities, balance sheets and core business strategies.

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More Countries Using Yuan for Trade with China and Hong Kong - CFO Journal. - WSJ

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