Yuan set to become Zimbabwe’s latest currency as China’s influence grows

NgoJanuwari 1 ngonyaka ozayo, i-yuan yaseChina izoba yimali esemthethweni eZimbabwe kulandela izingxoxo phakathi kohulumeni ababili ngesikhathi sokuvakasha kukamongameli waseChina.

Lokhu kuzokwenza imali yaseShayina ilingane eZimbabwe nedola laseMelika, irandi laseNingizimu Afrika, nePula yaseBotswana, i-euro ingenandima kulokhu kulinganisa, mhlawumbe isikhumbuzo esibukhali sokungathembeki okwenziwe yi-European Union ngokumelene neZimbabwe.

I-China isibe yizwe elihwebelana kakhulu neZimbabwe kanti nokutshalwa kwezimali kuyanda, kulandela ukuvakasha kukaMengameli uXi JinPing kuleli esikhathini esidlule.


Looking East, after the windows to the West were locked by the Western powers, the remaining avenue to Zimbabwe, besides intra African trade, has come to export and import goods, and the use of the yuan is expected to facilitate this further. A write-off of loans worth 40 million US dollars helped Zimbabwe at the time to find a sounder economic footing again.

Chinese tourist numbers are growing as they are for Zambia and other neighboring countries, and Emirates is the one of the few airlines, besides Kenya Airways, offering daily connections from a number of Chinese cities via Dubai to Harare.