CLEAN : Zambia currency tumbles to record low against Dollar

The video discusses the challenges faced by small-scale traders due to market inactivity and currency depreciation. It highlights the impact of the depreciating kwacha on employment, particularly for youth and women involved in cross-border trade. The depreciation from 6.26 to nearly 8 kwacha per dollar is causing price increases, as Zambia is heavily import-dependent. This situation exacerbates unemployment and economic challenges.

What is one of the main reasons for the closure of small-scale traders?

• Decrease in consumer demand

• Rise in export activities

• Depreciation of the currency

• Increase in local production

How has the kwacha depreciated against the dollar?

• From 7 to 9 per dollar

• From 8 to 10 per dollar

• From 6.26 to almost 8 per dollar

• From 5 to 6 per dollar

What is a direct consequence of the currency depreciation mentioned in the video?

• Increase in local prices

• Decrease in local prices

• Increase in export prices

• Decrease in import prices

What percentage of goods in Zambia are imported?

• 70%

• 50%

• 90%

• 100%

What is the expected impact on prices due to the depreciation of the kwacha?

• Prices will decrease

• Prices will remain stable

• Prices will increase

• Prices will fluctuate randomly