Chinese Yuan

By John Kachembere HARARE - Reserve Bank of Zimbabwe governor John Mangudya says a social media message urging Zimbabweans to withdraw all their money in banks before 2016 should be dismissed with the contempt it deserves as it is meant…
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Zimbabwe could start using the Chinese yuan alongside the United States dollar as early as 2016, with the Reserve Bank of Zimbabwe and People’s Bank of China already finalising modalities.
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The only question I have is this: Why the Yuan? Why not a currency of one of their Southern African neighbors? From their shift on Sudan, China has shown that it can be shamed.
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Vice President Joice Mujuru shocked Zimbabweans on Monday when she excitedly suggested that the country should adopt the Chinese currency, the Yuan.
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