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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt (33568 Views)
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Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by lordimpaq(m): 5:17pm On Dec 22, 2015 |
What most peeps don't know is that Zimbabwe's official currencies are foreign currencies. https://en.wikipedia.org/wiki/Zimbabwe
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Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by Humblega(m): 5:18pm On Dec 22, 2015 |
In other words, Dangote can buy 500 Zimbabwe with his > $20b worth of asset 1 Like |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by EasternLion: 5:27pm On Dec 22, 2015 |
cosmicrayboi: Lol. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by holyfather(m): 5:29pm On Dec 22, 2015 |
ZUBY77: I both liked and shared this comment and I'm even ready to print it out and paste it on the wall in my room. I totally agree with it(except the imported religion part) lol I hope the eyes of our people finally opens to this truth,and that on time too. 4 Likes 1 Share |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by badman007(m): 5:30pm On Dec 22, 2015 |
Ijaya123: Its a question of choosing a better evil. In my opinion, the IMF is the worst and most vecious slave master. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by AmeLonRo(m): 5:52pm On Dec 22, 2015 |
tyrannasty: I bet to disagree that the Asians are not loyal. If they are not loyal, why is Africa going to them? Africans have a choice. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by Bestbeelieve: 5:53pm On Dec 22, 2015 |
TetralixTech:Its starting to happen slowly and no one is seeing the signs.....! |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by Bestbeelieve: 5:55pm On Dec 22, 2015 |
AmeLonRo: I as an African have a choice. Develop positively or keep globe trotting begging cap in hand. 1 Like 1 Share |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by AudacityBoss: 6:09pm On Dec 22, 2015 |
A meager $40m while our leaders are here playing "pupppi" with 20billion dollar! Nigeria should have bought of their debt and get them to use the naira as legal tender... Giant of Africa wake up o, Chinco is encroaching your territory... 1 Like 1 Share |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by AmeLonRo(m): 6:09pm On Dec 22, 2015 |
Humblega: He can't sir. The stated amount is the loan incurred. Simple. Their Zimbabweans who have more money than the loan. But since its a chop I chop situation, wetin dem go do now? |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by tuk2ato(m): 6:23pm On Dec 22, 2015 |
Even the Zimbabwean minister's name seems to be derived from China ![]() |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by martinosi: 6:43pm On Dec 22, 2015 |
tyrannasty: Well well well.... give me a couple of days ..i get back to you on this one.... |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by donem: 6:54pm On Dec 22, 2015 |
ZUBY77:Respect sire, as long as this your comment is the better the sense it makes, this write up is legendary, compliments of the season, God bless U. 2 Likes |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by Nobody: 6:57pm On Dec 22, 2015 |
dominique: no b lie,u no say thousand,not even million na billion chai chai .............for bread! 1 Like |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by stevecantrell: 7:23pm On Dec 22, 2015 |
TetralixTech: Unless PMB economic team pull through...this might also be an option they may consider in the future..infact I'm sure the Chinese are betting on it. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by barwaaqo: 8:03pm On Dec 22, 2015 |
ZUBY77: ![]() 1 Like |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by DarkHenrie(m): 8:10pm On Dec 22, 2015 |
This old hag obviously thinks it better to be colonized by the Chinese than by the American homosexuals. What a joke! I thought he was the only 'independent' man in Africa. Bullshit. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by RaptorX: 8:16pm On Dec 22, 2015 |
ChinonsoDike2:No matter how much a.ss kissing you do to the whites, you are still nothing more than a nigger monkey. Be careful and watch your back so the racist cops don't put a bullet in your black a.ss. 2 Likes |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by emmykk(m): 8:19pm On Dec 22, 2015 |
niggi4life: you see how you fooled yourselve in public because you believe everything. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by emmykk(m): 8:22pm On Dec 22, 2015 |
ZUBY77:your knoweledge of economics is very poor. As far as am concern your didnt say anything. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by ChinonsoDike2: 8:24pm On Dec 22, 2015 |
RaptorX: You're in so much pain. Save your laptop battery before the next power outage. Lol! Have you eaten today? Cops don't kill law abiding citzens, you low IQ subhuman. They only kill criminals like yourself.This is not Africa; the continent of apes. ![]() |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by mickey45: 8:32pm On Dec 22, 2015 |
kaeforum: Naija can't follow suit, there'll be hell to pay. I think GEJ (going by his subtle advise/comment to PMB after the election) had it in mind, wouldn't be surprised if it's part of the reasons they did all they could to frustrate the man. Imagine the heat the currency will take if the we'd switch our reserve currency just like that. Only recently has the CBN started to safeguard our reserve by holding it in yuan too. But a complete/ large scale switch is near impossible presently. And it'll have been to our benefit, given the recent adoption of the yuan as a reserve currency. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by mickey45: 8:36pm On Dec 22, 2015 |
kaeforum: Naija can't follow suit, there'll be hell to pay. I think GEJ (going by his subtle advice/comments to PMB after the election) had it in mind, wouldn't be surprised if it's part of the reasons they did frustrated the man. Imagine the heat the currency will take if we'd switched our reserve currency completely just like that. Only recently has the CBN started to hedge our reserve by holding some of it in yuan too. But a complete/ large scale switch is near impossible presently, though it'll have been to our benefit. Given the recent adoption of the yuan into the world's body of reserve currencies. Zimbabwe could go scot free cos her economy is dead anyway and even if not, would've been too small to be significant. 1 Like |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by niggi4life(m): 9:05pm On Dec 22, 2015 |
emmykk:and u see how u fooled yourself since u can't see the exaggeration and ultimately the joke in her comment |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by grandstar(m): 9:43pm On Dec 22, 2015 |
The yuan will pay Zimbabwe better since it is close to being a double digit currency unlikle the US which is one digit. Spending coins will be more economical and since Zimbabwe is resource rich, a lot of stuff will be exported to China |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by linusbnn(m): 10:38pm On Dec 22, 2015 |
angiography: Depends on where you see it from,but I feel these pple are much sincere to what we see in Africa |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by TetralixTech: 11:03pm On Dec 22, 2015 |
stevecantrell:that would be an extreme case and all hell would have broken loose for that to occur |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by oluwasegun007(m): 11:23pm On Dec 22, 2015 |
Modern day slavery....mumu garbage son kill demmm Baba daura pls help him wit sense |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by stevecantrell: 11:58pm On Dec 22, 2015 |
TetralixTech: Let's hope, with the current speed things are heading downhill it doesn't get to that. |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by birdman(m): 1:05am On Dec 23, 2015 |
where is cap28, igbo2011, afroblue and friends who keep telling us Mugabe is the best thing since sliced bread. 1 Like |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by Nobody: 1:45am On Dec 23, 2015 |
ZUBY77:thanks for this piece of reality 1 Like |
Re: Zimbabwe Adopts Chinese Yuan As Official Legal Tender In Exchange For $40m Debt by promkingzz(m): 4:42am On Dec 23, 2015 |
Elxandre: Omo no reason am o. Those guys are wOrth over $140M. Collectively sha... but u get the joke tho lol. I just don't get it sha, the Chinese yen?? Wtf? I'm so mad at myself right now for not saving a Facebook video I saw sometime ago in which a certain gentleman broke down the reason for the repeated violence against blacks in the United States, I should've shared it on here for u guys to see. He said "there is no violence or police brutality against the Chinese youths in the US because if 1 Chinese dies the president of China is gonna pick up his phone & call Obama and ask him - Hey Obama what's going on there, we do business together how the hell on earth can you allow my people to be mistreated on your soil?- the same thing will happen for every other race of people living in the United states; Russians, Mexicans, Germans, Australians, French, Italians.. and these people have even bloodier catels and gangs than the blacks do but there's never news about one of them on CNN you hear about being shot or killed by the American police. Who will fight for the blacks in America?? How many blacks in America have knowledge about their roots in Africa? Which country in Africa has attained the political or socioeconomic level where they can have bragging rights about how their people residing in the diaspora should be treated? As long as countries in Africa stay weak blacks will continue to die in America and the rest of the world, running around like chickens with their heads cut off. Pan Africanism is THE ONLY way forward, individually African countries will continue to remain a sellout. But my dear African brothers, is there love in Africa ![]() In Nigeria alone how many tribes do we have? the language barrier involved inside Nigeria alone is a threat. Then consider the rest of the other African countries, except for the French speaking ones.. you begin to see that this Pan Africanism ideology is infact nothing but a dream, a dream that I have doubts in but have my fingere seriously crossed for. See what Mugabe has done, taking his people back to the 16th century, very soon even milk on the shelves of stores in Zimbabwe go be chinco made. Smh 1 Like 1 Share |
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