Mr. C.J. Gavsie at the Finance Committee

On February 17th, 2015. See this statement in context.

February 17th, 2015 / 9:35 a.m.

Managing Director, Global Head of Foreign Exchange Products and China Capital Markets, BMO Capital Markets

Diageo may have to purchase RMB or even hold an account in RMB as it does its business over there. Instead of converting back and forth every time they need to make a payment or convert a receipt, they can now do it in RMB and can fund their business through RMB.

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