Why more African economies are embracing the Chinese yuan
Update: 2025-11-14
Description
Ethiopia and Kenya have become the first African countries to adopt yuan-based debt-swap arrangements, seeking to alleviate the burden of their dollar-denominated debts. This move reflects a growing demand for the Chinese yuan in Africa to avoid foreign exchange losses and transaction costs. We dissect this trend and its implications.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
