Zambia's Finance Minister Margaret Mwanakatwe announced plans to restructure Chinese debt by converting dollar obligations into yuan in March 2019, aiming to reduce pressure on the country's foreign exchange reserves.
The minister stated that negotiations with Chinese authorities were expected to take place in late March, as part of efforts to mitigate exposure to the U.S. dollar. "Our intention is to swap the dollar into yuan so that we can try to somewhat mitigate exposure to the dollar," she said.
