Zimbabwe has announced that it will make the Chinese
yuan legal tender after Beijing confirmed it would
cancel $40m in debts.
“They (China) said they are cancelling our debts that
are maturing this year and we are in the process of
finalising the debt instruments and calculating the
debts,” minister Patrick Chinamasa said in a statement.
Chinamasa also announced that Zimbabwe will officially
make the Chinese yuan legal tender as it seeks to
increase trade with Beijing.
Zimbabwe abandoned its own dollar in 2009 after
hyperinflation, which had peaked at around 500bn%,
rendered it unusable. Rrsd more if this news at www.omonaijanews.com/2015/12/zimbabwe-adopts-chinese-yuan-as.html?m=1

that is one wrong move Mugabe would be making

I thought Mugabe was intelligent, he bravely resisted the West only to become a Chinese slave? SMH

juniorportland:
that is one wrong move Mugabe would be making

I pray Buhari doesn't make d same oh

Pidggin:
I thought Mugabe was intelligent, he bravely resisted the West only to become a Chinese slave? SMH

i know rite? where is cap28, igbo2011 and co that kept championing this dude simply because he was anti-west

mugabe is right i lyke d idea.west shuld eradicate totally 4rm africa because they d main problem we hve in africa especially france and uk.

China owns Zimbabwe. They will rename it Zimchin in few years.

birdman:


i know rite? where is cap28, igbo2011 and co that kept championing this dude simply because he was anti-west

He serves his people not the corporations.

igbo2011:


He serves his people not the corporations.

well, he just handed his people over to china. is that supposed to be better?