CLEAN : New coins to help ease Zimbabwe cash crunch

The video discusses economic challenges in Zimbabwe, focusing on currency issues and the introduction of bond coins. It explains the denominations of these coins and their intended parity with the US dollar. The video also covers the implications of currency exchange rates and the value of money in the context of Zimbabwe's economy.

What problem is highlighted in the shops regarding currency exchange?

• Customers are getting items like pens as change.

• Shops are refusing to accept US dollars.

• People are receiving incorrect change.

• There is a shortage of goods in shops.

What denominations will the new bond coins be issued in?

• 1 cent, 10 cents, 50 cents, and 1 dollar

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

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

• 5 cents, 10 cents, 20 cents, and 1 dollar

What is the purpose of introducing bond coins in Zimbabwe?

• To create a new international currency

• To provide a local currency that trades equally with the US dollar

• To replace the US dollar entirely

• To increase the value of the Zimbabwean dollar

How will the bond coins trade in relation to the US dollar?

• They will trade at a lower value than the US dollar.

• They will trade at a higher value than the US dollar.

• They will not be tradable with the US dollar.

• They will trade one for one with the US dollar.

What assurance is given about the bond coins' value?

• They will be accepted worldwide.

• They will be backed by gold reserves.

• They will increase in value over time.

• They will maintain parity with the US dollar.