In a significant regulatory move aimed at diversifying its financial system, the Central Bank of Angola has officially added the Chinese yuan (RMB) to the roster of approved foreign currencies that local commercial banks can use to satisfy mandatory reserve requirements.
The yuan now sits officially alongside the dollar, euro, and South African rand, further expanding the Chinese financial influence in Africa.
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#almayadeen #almayadeenenglish #china #angola #yuan
The dollar being the worlds reserve currency is a problem.
He knew grammar rules he knew vocabulary he mentioned new words
China is the oppressor of the Uighers.