Zambia Allows Miners to Pay Taxes in Yuan or US Dollars Starting October 2025
Zambia will permit mining companies to pay taxes in either US dollars or Chinese yuan beginning in October 2025. This policy shift highlights the increasing prominence of the yuan in African trade, particularly in Zambia, which is abundant in copper and cobalt resources.
Theia Market Signal Identification - AI AssistedPublished Feb 4, 2026
Starting October 2025, mining companies in Zambia can choose to pay taxes in either US dollars or Chinese yuan. Zambia, a landlocked country in Central Africa, is rich in copper and cobalt. This change reflects the growing influence of the Chinese currency in African trade.
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