23Dec 2015

Zimbabwe Grants Chinese Yuan Official Currency Status

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gold vs the zimbabwe dollar

Zimbabwe Grants Chinese Yuan Official Currency Status. China forgives $40 Million in debt in exchange for official currency status for the Yuan. During the famous Zimbabwe hyperinflation of the mid 2000’s, residents of that nation survived by abandoning their nation’s currency and engaging in barter and using U.S. Dollars and South African Rand. In a … Read More →