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The government of Zimbabwe has announced that the Chinese yuan will become legal tender for public transactions in the southern African nation.

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Chinese yuan.
Chinese yuan. <span class="media-attribution">Image by <a href="https://www.flickr.com/photos/kalleboo/4188359581/in/photolist-7o7roe-2T7Fjn-6myiHB-shKPof-akSPes-75AUNL-bNMrqc-p5sg1-5HyFJh-miavid-5zkU3Y-yPGF3B-69Amqe-9mGxMK-mnXtwG-mmprbD-jsQSmw-mmoBg2-e6tUMK-9mKAcs-kPgrZK-9TKaBt-9mGwix-9mKzVs-9mGvLP-9mKyNu-mdh1z8-9mGy74-9mKA4o-9mGwqz-9mGvZe-9mKBkL-9mKyAh-b3Ye3n-9mKB7h-9mGwJ2-9mGvSi-9mGvwH-9mGvcX-9mGudM-9mKxed-7Bn6rg-9mKC1o-9mKzmb-9mGu1P-9mGyxp-9mKBsj-kPjSPj-9mKByj-9mGvke" target="_blank" rel="external">Karl Baron</a> / <a href="http://creativecommons.org/licenses/by/2.0/uk/" target="_blank" rel="external">CC BY 2.0</a></span>

Zimbabwe abandoned its own dollar in 2009 after rampant hyperinflation, which had peaked at around 500bn%, rendered its future unfeasible. Since then a slew of foreign currencies have been given official approval for use, including the US dollar and the South African rand. Read more: theguardian.com

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