日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Zimbabwe adds China's yuan to currency basket

By Xu Lingui and Tafara Mugwara (China Daily) Updated: 2014-03-04 07:58

African nation's move to adopt it as legal tender will improve relations, report Xu Lingui and Tafara Mugwara in Harare, Zimbabwe

American greenback or Chinese yuan?

Zimbabweans are now being given more options as to which currency they would prefer to put in their pockets.

The southern African country, which lacks its own currency at the moment, has allowed nine of the world's major currencies to trade as legal tender since January.

 
Zimbabwe adds China's yuan to currency basket

Zimbabwe adds China's yuan to currency basket

Along with the Japanese yen, Indian rupee and Australian dollar, the Chinese yuan in January was officially added to the basket of currencies accepted as legal tender in Zimbabwe.

Acting central bank governor Charity Dhliwayo, who made the announcement, said it was done because trade and investment ties between Zimbabwe and China, India, Japan and Australia have grown appreciably.

Dhliwayo said individuals and businesses can now open bank accounts denominated in the four new currencies, as well as in the Botswana pula, British pound, South African rand and US dollar.

As to which currency will dominate, at least in the near future, market analysts are putting their bets on the US dollar, which most Zimbabweans have been using since 2009. But as trade and economic interaction with China grow, the yuan is emerging as a likely challenger.

Zimbabwe abandoned its currency in 2009, after hyperinflation rendered it worthless, and it adopted a multi-currency system.

But four years on, prices across the country are almost all denominated in the greenback, with the rand and pula used for amounts smaller than a dollar.

The pound and euro are rarely seen.

Zimbabwe adds China's yuan to currency basket

Dhliwayo confirmed that the government, led by veteran President Robert Mugabe, has made it clear that rumors of a widespread "speculated" re-introduction of the Zimbabwean dollar can be "put to rest".

John Robertson, an independent economic analyst, said the four new currencies are likely to meet a fate similar to the pound and euro. He also refuted talk that adding the currencies will solve the severe liquidity crunch Zimbabwe faces.

"The additional currencies that can now be officially used in Zimbabwe will not make the slightest difference," Robertson said. "We price our exports in the US dollar, we price our imports in either the US dollar or rand, and the additional currencies on the list won't affect the quantities of money flowing either way."

Zimbabwe adds China's yuan to currency basket

Zimbabwe adds China's yuan to currency basket

Top 10 trading partners of the Chinese mainland

Top 10 overseas travel destinations for Chinese riches

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 操你啦影院| 国产视频日韩 | 永久免费看mv网站入口亚洲 | 国产绿帽刺激高潮对白 | 日韩精品在线视频 | 日韩在线观看不卡 | 国产精品视频在线播放 | 亚洲午夜精品久久久 | 在线婷婷| 99热这里只有精品5 www.四虎com | 色婷婷视频在线观看 | 性天堂av | 色妞网 | 亚洲欧美综合视频 | 欧美激情 在线 | 日韩av手机在线免费观看 | 久久久中文字幕 | 国产精品久久国产精品 | 国产成人91 | 久久免费在线观看视频 | 夜色综合 | 操操操网站| 久久精品无码一区二区三区 | 九九视频网 | 国产视频一区二区在线观看 | 怎样看毛片| 国产福利视频在线观看 | 69夫妻乐园| 蜜臀99 | 久色免费视频 | 人人艹超碰 | 久久视频精品在线观看 | 99视频在线| 久久伊人免费 | 日韩在线毛片 | 99鲁鲁精品一区二区三区 | 日韩午夜高清 | 一本加勒比hezyo黑人 | 国产高清一区二区三区四区 | 欧美日韩18 | 久久久精品视频在线 |