News / National
Bond coins expected to lower prices
15 Dec 2014 at 20:11hrs | Views
The introduction of bond coins by the Reserve Bank of Zimbabwe this Thursday is expected to lower prices that were being rounded-off to the nearest dollar due to shortages of change.
The coins, which are meant to buttress the multi currency system through provision of change, are in denominations of 1 cent, 5 cent, 10 cent, 20 cent and 50 cents.
People who spoke to the ZBC News however professed ignorance of the impending introduction of new coins and what impact they will have.
"Will the coins not bring us back to the 2008 inflationary economy? I also wonder why introducing the coins now when change is no longer scarce," asked one consumer.
"Change was no longer a problem but it is a good thing if they introduce the coins because we will have more change," said the other.
The introduction of bond coins initially raised scepticism of the return of the Zimbabwean dollar but the Reserve Bank of Zimbabwe (RBZ) has assured Zimbabweans that nothing like that will happen.
The coins, which are meant to buttress the multi currency system through provision of change, are in denominations of 1 cent, 5 cent, 10 cent, 20 cent and 50 cents.
People who spoke to the ZBC News however professed ignorance of the impending introduction of new coins and what impact they will have.
"Will the coins not bring us back to the 2008 inflationary economy? I also wonder why introducing the coins now when change is no longer scarce," asked one consumer.
"Change was no longer a problem but it is a good thing if they introduce the coins because we will have more change," said the other.
The introduction of bond coins initially raised scepticism of the return of the Zimbabwean dollar but the Reserve Bank of Zimbabwe (RBZ) has assured Zimbabweans that nothing like that will happen.
Source - zbc
