Thursday, April 18, 2024

Traders continue rejecting coins

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A man counting his coins at a beer den in Mazabuka
A man counting his coins at a beer den in Mazabuka

Traders in Kitwe have continued rejecting small coins from buyers saying they are an inconvenience.

Speaking in an interview with ZANIS in Kitwe yesterday, Charity Mulenga said the traders were rejecting the small coins because manufactures and wholesalers were also rejecting them.

Ms Mulenga said the traders were rejecting the 5 ngwee and 10 ngwee coins because they take a lot of time to count and that they easily get lost.

And another Trader Loveness Nkhoma called for the scrapping of the 5ngwe and the 10 ngwee coins from circulation because they cannot buy anything on the market
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Ms Nkhoma also confirmed that the traders are rejecting the two coins because they feel they can be attacked to move around with so many coins as thieves would think they are carrying a lot of money.

Meanwhile , an economist has called on government to put up measures that will compel traders and wholesalers to accept the coins since they are a legal tender.

Cosmas Phiri, a lecture at the Mindolo Ecumenical Foundation in Kitwe however, noted that the use of coins was cumbersome to traders as the weight of the coins becomes a burden to them.

Recently a debate has been raging on the use of coins among members of the public especially traders in rural areas.

5 COMMENTS

  1. So we still have primitive people in zambia if one coin cant buy an item it doenot mean its worthless. Come one guys dont be stupid and for traders i wish i can arrest youvall how dovyou reject a legal issue. Stop its primitive to reject it how many countries which are deloped and still use the coins. Single coijs which cannot buy even a small item unless combine

  2. That is sabotage of the economy.
    Any registered trader rejecting payment in coins must be prosecuted and taken to court.

    It is criminal to reject legal tender. It is this tendency that inflates prices in an effort to bridge the gap between, say, 99 Ngwee and 1 Kwacha.

    One thing we could all do is name and shame the traders committing this crime, and shun their businesses.

  3. The isue of Coins can matter to every where you may go however people should understand that money is a value excharge of good and services.
    In zambia there is no k100 without a 5 ngwee so people should understand the importance of money.

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