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China takes next step in currency globalisation
China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market....Published: 19 Jun 2023 at 06:38hrs | 1 | by Staff reporter
IMF approves SDR for Zimbabwe, Biti will not be happy
The International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to US$650 billion, the largest in the IMF's history, in an effort to boost global...Published: 04 Aug 2021 at 06:24hrs | | by Staff reporter
Zimbabwe could be China's economic gateway to Sub-Saharan Africa
Anti-Chinese rhetoric in Africa can only be mitigated by the pursuit of stronger economic ties between the Asian giant and countries on the continent, including Zimbabwe. The Southern African ...Published: 20 Nov 2018 at 05:58hrs | 2 | by Staff reporter
'Adopting Chinese currency makes sense,' says RBZ
The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral rel...Published: 30 May 2018 at 08:08hrs | 2 | by Staff reporter
Mnangagwa strategy for Zimbabwe's recovery
The multiple initiatives that President Emerson Dambudzo Mnangagwa's administration has launched may be confusing to a citizenry already buffeted by years of debility and decline.It is thus im...Published: 08 Apr 2018 at 09:16hrs | 2 | by George Charamba
Zimbabwe's 'Disneyland' at Victoria Falls gets Beijing investment
Zimbabwe just got one step closer to its dream of building a "Disneyland in Africa," at the site of Victoria Falls, one of the world's biggest waterfalls. Zimbabwe's Tourism Minister Walter Mzembi tel...Published: 23 Jun 2017 at 17:20hrs | 2 | by Conor Gaffey
Zimbabwe to use Chinese Yuan early next year
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, The Sunday ...Published: 20 Dec 2015 at 09:30hrs | 1 | by Staff Reporter
Zimbabwe bank seeks to promote Chinese currency use
THE People's Bank of China and the Reserve Bank of Zimbabwe are investigating the feasibility of using the Chinese currency, renminbi or yuan under the multicurrency system.In an interview wit...Published: 06 Dec 2015 at 09:35hrs | | by Staff reporter
China unveils international payment system
ZIMBABWE stands to benefit from China's introduction of an International Payment System as it will cushion the country and Zimbabwean firms from the seizure of their revenue by the United States' Offi...Published: 13 Oct 2015 at 06:28hrs | 2 | by Lloyd Gumbo
Call to embrace Yuan for payments
The Chinese Yuan is one of the currencies adopted by Zimbabwe, but Zimbabweans are yet to warm up to using the currency. Within SADC, South Africa has been increasing the use of the Yuan s...Published: 07 Aug 2015 at 06:03hrs | | by Staff reporter
Mnangagwa want Zimbabwe to use the Yuan
Vice President Emmerson Mnangagwa yesterday proposed to have the Chinese currency, the RMB/Yuan, as a legal tender in Zimbabwe when he met his Chinese counterpart Mr Li Yuanchao behind closed doors ...Published: 09 Jul 2015 at 10:18hrs | 2 | by Staff reporter
Multicurrencies: impact of the Chinese currency
The recent addition of the Chinese currency, among others, into Zimbabwe's much-admired multicurrency system (which the new RBZ governor has already branded as being sin qua non to the Zim economy rev...Published: 30 May 2014 at 13:51hrs | | by Colls Ndlovu
Yen, Yuan - no more condoms for change?
ONCE known for its billion dollar notes and hyper-inflation, Zimbabwe must be the only place in the world to have eight currencies as legal tender - none of them its own.For the last five year...Published: 07 Feb 2014 at 06:22hrs | | by Brian Hungwe I BBC
China in the heart of Africa
"China's gift to Africa." The new headquarters of the African Union, a towering 20-storey building in Addis Ababa, Ethiopia, is so called because China picked up the $200 million tab for the stat...Published: 21 Mar 2013 at 16:21hrs | 4 | by Kingsley Ighobor
South Africa expected to endorse Chinese currency
JOHANNESBURG - South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies. Thus, the nation i...Published: 26 Mar 2012 at 05:11hrs | | by Staff reporter
Zimbabwe could adapt Chinese currency
The massive assailing of the Zimbabwean economy by the Chinese requires the Yuan to strengthen these economic reconstruction efforts. Invited by President Robert Mugabe as part of his 2004 "Look East"...Published: 28 Jan 2012 at 07:07hrs | 1 | by Catholic Online
Zim bank governor, Gono, urges use of Chinese currency
Reserve Bank of Zimbabwe Governor Dr Gideon Gono has said Zimbabwe should next year consolidate the country's look East policy by adopting the Chinese currency, the yuan, and do away with the US doll...Published: 29 Nov 2011 at 05:21hrs | 1 | by Staff reporter
Africa could dump US$ for China's Renminbi
China's renminbi could replace the dollar as the main currency to finance trade between Chinese and African countries, Business Day reported on Tuesday, citing research by Standard Bank. In a ...Published: 30 Aug 2011 at 07:02hrs | 1 | by Staff reporter
Brics call for a broad-based international reserve currency system
Sanya, China - The five Brics nations took another step towards cementing their global influence on Thursday, calling for a broad-based international reserve currency system "providing sta...Published: 14 Apr 2011 at 05:08hrs | 4 | by Byo24News
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