A currency swap deal with China could backfire on Zimbabwe’s hope to build forex reserves
A currency swap deal with China could backfire on Zimbabwe’s hope to build forex reserves 3Even small changes in China have global effects. Zimbabwe and China this week signed a currency swap deal aimed at strengthening trade between the two nations. The swap arrangement will enable an investor in China to pay a Chinese business in Zimbabwe which is looking for foreign exchange. The Chinese-owned business in Zimbabwe would release …
News story posted on 2020-01-24T20:47:00.0000000Z