A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters
A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters
Yuan
Comment /  Opinion

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
Mxolisi Ncube

Updated: 2:54pm, 20 Jul, 2018

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A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters
A Zimbabwean 20-billion-dollar bank note. The country abandoned its inflation-ravaged dollar seven years ago. Photo: Reuters
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