Some Chipata residents question quality of rebased kwacha notes
Some Chipata resident have questioned the quality of the new rebased Kwacha saying the new money has already started fading when it has only been in circulation for a month.
A businessman who operates at the Central business district, Charles Tembo, charged that the new money easily fades off and when comes into contact with water or sweat the ink easily fades.
And a trader Richard Banda of kapata market expressed concern that the money may be faded before the old kwacha is completed phased out because the quality of the new notes is questionable.
Mr Banda said there is need for the Bank of Zambia to monitor the new notes and ensure that the money is durable because changing the money again would be costly for the government.
Meanwhile, some residents have commended the Bank of Zambia for introducing the new money saying it is easy to handle.
Georgina Phiri of Magazine compound said she has been able to carry out her business without difficulties as it is not only easy to calculate but also easy to carry.
Another trader of Navutika compound Betty Mulenga said the money is easy to handle though there was need for more sensitization to be done in regards the coins.
Asked how she carries out her business using coins; Betty said she does not accept the coins because she did not want to get confused.
“I cannot handle the coins because I still do not understand how the K100 has been converted to the Ngwee,” she said.
Betty appealed for more sensitization on the rebased currency saying she would only accept the Ngwee as a legal tender when she understands its value.