Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has called for all transactions between Zimbabwe and China to be settled using China’s currency the Yuan. Speaking at the China (Zhejiang)-Zimbabwe Business Forum, Mangudya said,
We need to make sure that the Chinese currency is found in Zimbabwe. We also need to move with speed in making sure that there is and there are settlements of transaction between Zimbabwe and China using Yuan as opposed to use of any other currencies…This will go a long way in increasing trade between Zimbabwe and China; it will go a long way in increasing investment in Zimbabwe and China and vice versa.
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John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe