Some small-scale traders in Harare are now rejecting bond coins due to runaway inflation which has caused counting them a laborious exercise.
A bus conductor who spoke to a Harare tabloid, H-Metro, said he accepts the coins so he won’t lose customers but will dispose of them at a leading retail chain store. He said:
We accept coins though they are being denied.
Look I have collected these coins from my clients. There are very few travellers so if I reject them I lose out on business.
I will just go and use them at OK Supermarkets, they accept these coins.
I think those who are not accepting coins it is because they are lazy to count them.
Denominations of coins that have been accepted for the past several months are the 25c, 50c, $1 and the recently introduced $2 coin.
With the Zimbabwe dollar having plummeted in value from 1:1 in February this year to 1: 16 in December, it has become unwise to use coins as carrying them around and counting them has become quite irksome.