yuan - Current Affairs Questions and Answers

1)   Which country has announced the plan to adopt Chinese yuan as legal tender?

a. Ethiopia
b. Liberia
c. Nigeria
d. Zimbabwe
Answer  Explanation 

ANSWER: Zimbabwe

Zimbabwe FM Patrick Chinamasa on 21st December 2015 announced the country has planned to adopt the Chinese Yuan as legal tender in return for debt cancellation worth USD 40 million dollars. As per the decision, Yuan will be a function of trade between China and Zimbabwe and acceptable with customers in Zimbabwe. China is currently the largest investor in Zimbabwe.