Zambia to Accept Yuan for Copper Exports Starting Next Year, as Africa Shifts Away From US Dollar: Bank Chief

© telegram sputnik_africaZambia to Accept Yuan for Copper Exports Starting Next Year, as Africa Shifts Away From US Dollar: Bank Chief
Zambia to Accept Yuan for Copper Exports Starting Next Year, as Africa Shifts Away From US Dollar: Bank Chief - Sputnik Africa, 1920, 15.10.2026
Subscribe

Zambia to Accept Yuan for Copper Exports Starting Next Year, as Africa Shifts Away From US Dollar: Bank Chief

The move aims to cut currency conversion costs and stabilize the national currency, the kwacha, paving the way for potential yuan-denominated lending and currency swaps, Governor of the Bank of Zambia Denny Kalyalya told a Western media outlet on the sidelines of the International Monetary Fund Annual Meetings in Bangkok.

AI-generated image

Subscribe to @sputnik_africa

Sputnik Africa | X

Newsfeed
0