What is China's Digital Currency, the e-CNY?
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YouTubeBloomberg News
What is China's Digital Currency, the e-CNY?
Digital yuan is giving China a new tool to strike back at critics. The country has created its own digital currency, the e-CNY, and has started rolling it out in some cities on a trial basis.⁣ ⁣ What does it mean when a country has an official digital currency backed by its central bank?⁣ ⁣ Bloomberg Quicktake's Nicole Sy explores how ...
16.7K viewsApr 30, 2021
Renminbi Currency Exchange
GOVERNMENT CLARIFIES USE OF CHINESE CURRENCY Government has clarified that the decision to allow the payment of some mining taxes in the Chinese currency, the Yuan, also known as Renminbi, is a strategic and cost-saving measure aimed at improving debt management and reducing foreign exchange conversion costs. Minister of Finance and National Planning, Situmbeko Musokotwane, says the measure should not be interpreted as a shift from the Zambian Kwacha, which remains the primary legal tender for d
2:48
GOVERNMENT CLARIFIES USE OF CHINESE CURRENCY Government has clarified that the decision to allow the payment of some mining taxes in the Chinese currency, the Yuan, also known as Renminbi, is a strategic and cost-saving measure aimed at improving debt management and reducing foreign exchange conversion costs. Minister of Finance and National Planning, Situmbeko Musokotwane, says the measure should not be interpreted as a shift from the Zambian Kwacha, which remains the primary legal tender for d
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