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Zimbabwe Allows Yuan, Rupee, Yen And Australian Dollar To Circulate

Zimbabwe Allows Yuan, Rupee, Yen And Australian Dollar To Circulate

From Xinhua via Gloabl Times

Zimbabwe’s central bank on Wednesday said it would allow the Chinese yuan, Indian rupee, Japanese yen, and Australian dollar to be added into the basket of multiple currencies to be circulated inside the country.

The decision was unveiled by the monetary statement issued by acting governor of the Reserved Bank of Zimbabwe Charity Dhliwayo.

“We wish to advise exporters and the general transacting public that individuals and corporates can also open accounts denominated in the Australian Dollar (AUD), Chinese Yuan (CYN), Indian Rupee (INR) and Japanese Yen (JPY),” Dhliwayo said.

She said the decision to include the three foreign currencies is made upon the consideration that trade and investment ties between Zimbabwe, China, India, Japan and Australia have grown appreciably in recent years.

Read more at Global Times