COGNICURRENT

Feb 1 • 13:00 UTC • 🇨🇳 China • South China Morning Post

China’s plan to internationalise yuan quietly takes a step forward as Zambia gets on board

Zambia's decision to repay loans and import costs in Chinese yuan highlights its practical need to combat US dollar shortages and manage debt, while simultaneously supporting China's long-term strategy to globalize its currency.

#yuan #zambia #china #internationalisation #currency

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