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Chinese Yuan Nw Zimbabwe's Legal Tender - Foreign Affairs - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsChinese Yuan Nw Zimbabwe's Legal Tender (936 Views)

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Chinese Yuan Nw Zimbabwe's Legal Tender by Zicomanie(op): 9:44pm On Apr 19, 2016
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
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by juniorportland(m): 9:47pm On Apr 19, 2016
that is one wrong move Mugabe would be making
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by Pidggin(f): 9:54pm On Apr 19, 2016
I thought Mugabe was intelligent, he bravely resisted the West only to become a Chinese slave? SMH
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by Zicomanie(op): 10:04pm On Apr 19, 2016
juniorportland:
that is one wrong move Mugabe would be making
I pray Buhari doesn't make d same oh
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by birdman(m): 5:13am On Apr 20, 2016
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
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by cybernaut(m): 8:35am On Apr 20, 2016
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.
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by Missy89(f):
China owns Zimbabwe. They will rename it Zimchin in few years.
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by igbo2011(m): 1:06am On May 19, 2016
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.
Re: Chinese Yuan Nw Zimbabwe's Legal Tender by birdman(m): 2:08am On May 19, 2016
igbo2011:
He serves his people not the corporations.
well, he just handed his people over to china. is that supposed to be better?
1 Reply

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