Trade: agreement between Zambia and China for the use of their national currencies

Zambia and China have decided to use their national currencies for the settlement of their trade and the financing of their bilateral investments. A measure which aims in particular to reduce exchange costs. China has invested more than $11.3 billion in infrastructure projects in Zambia between 2014 and 2023 and also absorbs around 20% of the southern African country's exports.

Source: Africa News Agency