The progress of the internationalization of the renminbi in Africa is becoming more and more prominent. According to a report by US media Bloomberg on December 31, in Zambia, the second-largest copper producer in Africa, Chinese mine operators have begun using RMB to pay mining usage fees and taxes in the mining area. The Bank of Zambia confirmed in an email response on Wednesday that the RMB settlement and payment model was officially implemented in October. The report pointed out that as a result, Zambia became the first country in Africa to confirm payment of mining taxes in RMB. This is the latest evidence that the acceptance of the RMB continues to rise on the African continent. “Africa is gradually becoming a key position to promote the internationalization of the RMB.”

The progress of the internationalization of the renminbi in Africa is becoming more and more prominent. According to a report by US media Bloomberg on December 31, in Zambia, the second-largest copper producer in Africa, Chinese mine operators have begun using RMB to pay mining usage fees and taxes in the mining area. The Bank of Zambia confirmed in an email response on Wednesday that the RMB settlement and payment model was officially implemented in October. The report pointed out that as a result, Zambia became the first country in Africa to confirm payment of mining taxes in RMB. This is the latest evidence that the acceptance of the RMB continues to rise on the African continent. “Africa is gradually becoming a key position to promote the internationalization of the RMB.”