A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters
Zimbabwe’s move to make the yuan legal tender will ease, not solve, its economic woes
Mxolisi Ncube says the adoption of the renminbi as a reserve currency is good business and also a move by President Robert Mugabe to show Western countries he doesn’t need them
Topic |
Yuan
A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters