Zimbabwe: Central Bank Seeks to Promote Chinese Currency Use

THE People's Bank of China and the Reserve Bank of Zimbabwe are investigating the feasibility of using the Chinese currency, renminbi or yuan under the multicurrency system.

In an interview with The Standard on Thursday, the central bank governor John Mangudya said the use of the yuan in Zimbabwe would help minimise the exchange rate losses between the two countries.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.