PA10 Posted April 18, 2014 Report Share Posted April 18, 2014 http://www.zerohedge.com/news/2014-03-02/meanwhile-china-quietly-takes-over-zimbabwe While the developed world is focusing on the rapidly deteriorating developments in Crimea, China, which has kept a very low profile on the Ukraine situation aside from the token diplomatic statement, is taking advantage of this latest distraction to do what it does best: quietly take over the global periphery while nobody is looking. Over two years ago we reported that none other than Zimbabwe - best known in recent history for banknotes with many zeros in them - was bashing the US currency, and had alligned itself with the Chinese Yuan. This culminated last month with the announcement by Zimbabwe’s central bank that it would accept the Chinese yuan and three other Asian currencies as legal tender as economic relations have improved in recent years. "Trade and investment ties between Zimbabwe, China, India, Japan and Australia have grown appreciably," said Charity Dhliwayo, acting governor of the Reserve Bank of Zimbabwe. Link to full article above. Link to comment Share on other sites More sharing options...
Recommended Posts