ZAMBIA CLARIFIES ACCEPTANCE OF MINING TAXES IN CHINESE YUAN

De-Dollarization Alert: Zambia Now Accepting Yuan for Mining Tax Payments

De-Dollarization Alert: Zambia Now Accepting Yuan for Mining Tax Payments In yet another sign of growing global de-dollarization, Chinese mining companies in Zambia are now paying royalties and taxes in yuan. Mike Maharrey Wed, 01/07/2026

ZAMBIA CLARIFIES ACCEPTANCE OF MINING TAXES IN CHINESE YUAN

ZAMBIA CLARIFIES ACCEPTANCE OF MINING TAXES IN CHINESE YUAN FINANCE and National Planning Minister Dr Situmbeko Musokotwane has clarified that Zambia’s move to accept part of mining tax payments in the Chinese Yuan (RMB) is a strategic measure aimed at reducing costs associated with servicing Zambia’s debt to China. Addressing the press in Lusaka Tuesday, […] The post ZAMBIA CLARIFIES ACCEPTANCE OF MINING TAXES IN CHINESE YUAN first appeared on …

Zambia : Government clarifies use of Chinese currency in mining tax payments

Government has clarified that the decision to allow the payment of some mining taxes in the Chinese currency, Renminbi also known as Yuan, is a strategic and cost-saving measure aimed at improving debt management and reducing foreign exchange conversion costs. Minister of Finance and National Planning, Situmbeko Musokotwane, says the measure should not be interpreted […]