China and Zambia Promote Local Currency Usage in Trade: Chinese State Media

Mouad Boudina
Mouad Boudina
1 Min Read

China and Zambia have expressed their shared commitment to enhancing the utilization of their respective domestic currencies for trade and investment purposes. This collaborative resolve was underscored in a joint statement released following a meeting between the leaders of both nations on Friday.

This initiative aims to streamline financial transactions for businesses in both nations, ultimately reducing the expenses associated with currency exchange and mitigating potential exchange rate fluctuations. This information was conveyed by Chinese state media, the source of the statement.

Furthermore, the two nations are poised to bolster their collaboration in the realm of mineral exploration, while also planning to facilitate high-level exchanges within their respective military establishments.

Mouad Boudina

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