Zimbabwe to adopt Chinese Yuan as legal tender

Q.  Which country has announced the plan to adopt Chinese yuan as legal tender?
- Published on 24 Dec 15

a. Ethiopia
b. Liberia
c. Nigeria
d. Zimbabwe

ANSWER: Zimbabwe
 
Zimbabwe FM Patrick Chinamasa on 21st December 2015 announced the country has planned to adopt the Chinese Yuan as legal tender in return for debt cancellation worth USD 40 million dollars. As per the decision, Yuan will be a function of trade between China and Zimbabwe and acceptable with customers in Zimbabwe. China is currently the largest investor in Zimbabwe.

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