Yuan set to become Zimbabwe’s latest currency as China’s influence grows

Ka la 1 Pherekhong selemong se tlang, yuan ea China e fetoha chelete ea semmuso Zimbabwe kamora lipuisano tse neng li tšoaretsoe lipakeng tsa mebuso e 'meli nakong ea ketelo ea mmuso ea mopresidente oa China.

Sena se tla etsa hore chelete ea Chaena e lekane Zimbabwe le dollar ea Amerika, rand ea Afrika Boroa, le pula ea Botswana, ha euro e sa bapala karolo ea equation ena, mohlomong e le khopotso e matla ea ho se tsotelle ha European Union e bontšitse Zimbabwe.

China has become Zimbabwe’s largest trading partner and investments are expanding, following President Xi JinPing’s visit to the country some time ago.


Looking East, after the windows to the West were locked by the Western powers, the remaining avenue to Zimbabwe, besides intra African trade, has come to export and import goods, and the use of the yuan is expected to facilitate this further. A write-off of loans worth 40 million US dollars helped Zimbabwe at the time to find a sounder economic footing again.

Chinese tourist numbers are growing as they are for Zambia and other neighboring countries, and Emirates is the one of the few airlines, besides Kenya Airways, offering daily connections from a number of Chinese cities via Dubai to Harare.