CLEAN : Zambia currency tumbles to record low against Dollar

CLEAN : Zambia currency tumbles to record low against Dollar

Assessment

Interactive Video

Other

10th Grade - University

Hard

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FREE Resource

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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential consequences could arise from the continued depreciation of the currency?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does Zambia's import dependency affect local prices?

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