CLEAN : New coins to help ease Zimbabwe cash crunch

The video discusses the challenges faced by consumers in Zimbabwe, where change is often given in the form of sweets or pens due to a lack of coins. To address this, bond coins are being introduced in denominations ranging from 1 cent to 50 cents. These coins are designed to trade at par with the US dollar, providing a solution to the change problem and facilitating smoother transactions.

What problem is highlighted regarding change in shops?

• Shops are overcharging customers.

• Shops are refusing to give any change.

• Shops are providing non-monetary items as change.

• Shops are giving incorrect change.

What denominations will the bond coins be issued in?

• 1 cent, 10 cents, 50 cents

• 1 cent, 5 cents, 10 cents, 25 cents, 50 cents

• 5 cents, 10 cents, 25 cents, 1 dollar

• 10 cents, 25 cents, 50 cents, 1 dollar

What is the purpose of introducing bond coins?

• To provide an alternative to non-monetary change

• To increase the value of the local currency

• To replace the US dollar entirely

• To create a new currency system

How do bond coins relate to the US dollar?

• They are worth half of a US dollar.

• They are worth twice as much as a US dollar.

• They are not related to the US dollar.

• They trade one for one with the US dollar.

What does it mean for bond coins to trade one for one with US cents?

• They are only used in Zimbabwe.

• They are interchangeable with US cents.

• They are worth less than US cents.

• They are not accepted in the US.