Kasama traders unaware, refuse rebased currency
Some traders in Kasama have expressed mixed feelings over the introduction of the rebased Kwacha into circulation.
A survey conducted by a ZANIS at the central business town and markets today revealed that some traders are still unaware that the new currency is in circulation.
Margret Chizombo, 74, a trader at Chikumanino Market, said some marketeers are refusing to attend to customers wishing buy goods using the new Kwacha notes.
She said she, too, was not conversant with the rebased Kwacha and needs more information on the usage of the currency.
Mrs Chizombo has since appealed the Bank of Zambia to carry out more sensitization activities for people to be fully conversant with the new currency in circulation.
And another trader, Marble Nanyangwe, said she is still having difficulties in differentiating between the new and old banknotes.
Ms Nanyangwe, however, said it is a matter of time before traders become well acquainted with the usage of the rebased Kwacha.
Meanwhile, some traders have expressed happiness with the introduction of the new Kwacha notes in circulation.
One of the traders, Justine Chanda, who seemed to be conversant with the new bank notes, praised government for knocking down the zeros, saying the move will ease business transactions.
Mr Chanda, however, observed that people had a challenge with the coins but will soon get used to them.
The Bank of Zambia has introduced the rebased Kwacha on the domestic market which became legal tender on January 1, this year.
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13 Responses to Kasama traders unaware, refuse rebased currency
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MTN was not ready for rebasing of zambian kwacha as mtn airtime runs out in Katete,Chipata congrats zamtel and airtel
SHAKA - January 4, 2013
15:00
The final corus is US dollar believe me you me . It’s globalisation time they are working under order of world order. Zambia like Zimbabwe are living Examples of what is soon to swallow the commonwealth countries .
Shapeshifter - January 4, 2013
06:53
WHO IS THAT MAN SLEEPING ON DUTY.RUPIA WAS CALLED SLEEP RUPIA AND WHAT NAME DO WE GIVE TO THIS CHIEF .
one zambia 72 nations - January 3, 2013
21:16
There must be Plan “B” in the event that the re-based programme crashes with a big fall. I recommend an earliest dollarisation of the economy at the earliest signs of the currency re-basing migration showing signs of possible stag-hyperinflation or free fall of the rebased kwacha or an checked upward adjustment of price.We are walking on quick sand people!
Insights into Insights - January 3, 2013
20:46
Kkkkkkkkkk…. ba Bemba balishishita mwamona!!!
Mzilikazi - January 3, 2013
20:30
Roads,roadsheding,job creation,is what we expect not rebasing currency when it have the same value.check for the periolities.
Marshall - January 3, 2013
20:15
False story baZW. Just one old woman cannot say anything sensible on behalf of the whole learned town. Assess your stories please.
Rude Monk - January 3, 2013
19:00
@ Rude Monk! Even if you are Rude, it pays to read carefully. This story was written by your ZANIS not ZWD. So who should assess the story?
Mubanga - January 3, 2013
20:53
One wonders what education and sensitisation the BOZ and Ministry of Info have done. May be the sensitisation of their overflowing pockets in the Dochi Kubeba more money in their pockets policy. I have spoken to many people in rural Zambia, and most are not aware of the rebasing. Wonder what the PF’s Joseph Goebbels will spin out of his unbelievable propaganda machinery!
Child of the Sky - January 4, 2013
01:08
BLAME GOES TO B.O.Z. AARON
AARON - January 3, 2013
18:41
Its true even in eastern province many people are nt aware of rebased kwacha. blame should go BOZ.
AARON - January 3, 2013
18:39
Get used to it, more less money in your pockets. Njala iza nyokola under PF.
Kay Love - January 3, 2013
18:22
Just get used to it as this was not in the 90 day sydrome.
Kay Love - January 3, 2013
18:19