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How many Zimbabwean dollars can I exchange for one yuan?
1. Zimbabwe dollar:
Zimbabwe dollar is the central bank of Zimbabwe, the currency issued by Zimbabwe and the legal tender of Zimbabwe. Each dollar is divided into 100 cents, and its symbol abbreviation is "$" or "Z$" (different from its patient currency RMB). The ripples on the shield symbolize Zimbabwe's vast waters. Below the shield is a world-famous cultural site. On the top of the shield stands a five-pointed star and a Zimbabwean bird. Birds are a symbol of the aspirations of the country and the nation, as well as the ancient culture of Zimbabwe and African countries.
Second, the reason why Zimbabwe dollar is worthless:
The black leaders in Papua have no experience in governing, and Zimbabwe's financial and economic difficulties are gradually emerging due to years of drought and uneven land distribution (49% of the country's land area is occupied by more than 200,000 white immigrants). From 1980 to 1985, Zimbabwe's per capita GDP dropped from nearly 1000 to nearly 600, even to nearly 300 in the financial crisis of 20 18. It can be said that since Zimbabwe's independence, the economy has been in a downward trend. In response to the economic crisis, Zimbabwe has come up with a "clever plan"-continue to print money, and the direct consequence of printing money crazily is inflation. According to official statistics in July 2008, Zimbabwe's inflation rate even reached 23 1 100 million. After that, Zimbabwe not only failed to stop loss in time, but issued new banknotes with market value of 50 billion and 654.38+00 billion.
It is worth mentioning that, according to South African media reports, Zimbabwe and China formally signed a currency swap agreement at the beginning of this year, which means that under certain conditions, either party can exchange a certain amount of local currency into the equivalent currency of the other party for bilateral trade and investment settlement or provide short-term liquidity support for financial markets. After maturity, both parties exchange their local currencies, and the fund users pay corresponding interest at the same time. By doing so, Zimbabwe can improve its troubled bilateral trade.
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