Moody's says yuan use may benefit Zimbabwe, sees limitations

Moody's said on Thursday plans by Zimbabwe to increase the circulation of the Chinese yuan could lift investment from the world's second largest economy but may not be enough to strengthen investor confidence and improve competitiveness. Zimbabwe abandoned its currency in 2009 after inflation reached 500 billion percent and adopted foreign currencies, anchored by the United States dollar, to tame runaway consumer prices and start an economic recovery. The U.S. dollar is widely used, along with t