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Chinese Yuan penetrates African markets
- Source: Africa Renewal, Volume 28, Issue 2, Aug 2014, p. 14 - 15
- French
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- 31 Aug 2014
Abstract
In March this year Zimbabwe joined a growing list of countries in Africa and the world using the Chinese currency, yuan, also known as remnibi (RMB), as one of its official currencies after its central bank added the RMB, the Japanese yen, the Australia dollar and the Indian rupee to the existing basket of currencies.
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