Zambia accepts mining taxes in Chinese currency

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Zambia has started accepting China's yuan for mining taxes, becoming the first African nation to do so.

The Bank of Zambia is aligning its reserve management with the significant role of China as a major copper trade and debt partner.

Bank of Zambia introduces new heritage banknote series

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The Zambian government, through its central bank, the Bank of Zambia, has introduced a new family of banknotes dubbed the heritage series to replace the older ones.

The new notes come for the first time with an introduction of high-value notes that include 200 and 500 Zambian kwacha (ZK).