Chinese Yuan to Become Reserve Currency of Lesotho?
Mohau Seoela of the Central Bank of Lesotho has said that while adoption of the Yaun would ensure "smooth trade" with China, it would not supplant the South African Rand for use in everyday transactions.
Chinese Rheminbi (Yuan) (file photo).
This Day, 15 June 2018
Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People's Bank of China (PBoC), the CBN has said it… Read more »
Focac, 29 May 2018
The Chinese yuan comes under the spotlight Tuesday and Wednesday when 17 top central bank and government officials from 14 countries in eastern and southern Africa meet in Harare… Read more »