Tuesday, May 31, 2011

Zimbabwe's Dollar and Sweets

I'm including this article in our NCC post because we had just talked about it in class. Zimbabwe gives out sweets in the place of coin change because their smallest denomination is a U.S. dollar bill. My question is, if they do not have a smaller denomination than $1, why do they even have a concept for coin change? And if people are so unhappy with being shortchanged or having to pay extra for the reason of not receiving sweets, why do they not begin a coin denomination? It seems so unnecessary to have a coin concept, with no coins to put into rotation.

Jen Crawford

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