Tuesday 22 December 2015
Zimbabwe plans to adopt China's currency the yuan
Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m - a move one economist predicted "has no future at all"
Zimbabwe's Finance Minister Patrick Chinamasa announced the plan in a statement on Monday and said the use of the yuan "will be a function of trade between China and Zimbabwe and acceptability with customers in Zimbabwe"
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