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Vol 57 No 2

Published 22nd January 2016


Zimbabwe

Blow to yuan plan

China declines to circulate its currency in Zimbabwe and experts say that would do little to revive the economy anyway

President Robert Mugabe has come unstuck in his plans to circulate the Chinese currency, the yuan, in Zimbabwe. His government had hoped that such a project would ease a growing liquidity crunch in the faltering economy. However, Beijing privately declined the request for a massive injection of the yuan, also known as the renminbi, we hear.

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