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Zambia says planning to swap Chinese debt from dollar to yuan

Zambia’s Finance Minister Margaret Mwanakatwe. [Photo: Courtesy]

LUSAKA - Zambia plans to swap its Chinese debt from dollars to yuan in a bid to ease pressure on the copper producer’s foreign reserves, its Finance Minister Margaret Mwanakatwe said on Wednesday.

Mwanakatwe told journalists that discussions with China on the planned debt swap were likely to be held in late March.

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