Bulawayo leads in forex dealers arrests
The Zimbabwe Republic Police has arrested 478 illegal foreign currency dealers as the clampdown on currency trading continues to intensify.
Browsing tag
The Zimbabwe Republic Police has arrested 478 illegal foreign currency dealers as the clampdown on currency trading continues to intensify.
Government has handed a prison sentence to a trader selling foreign currency outside the official exchange rate, marking the advent of the crackdown on a black market it says destabilizes the country’s currency.
At least 37 illegal foreign currency dealers who were arrested in Harare under Operation “Dzosai Mari” on separate occasions over the past few days have appeared at the Harare Magistrate’s Court, with 10 of them being convicted for the offences and forfeiting their money to the State.
About 170 illegal foreign currency dealers have been arrested countrywide since last week as police intensify a campaign against currency trading.
Three Chinese nationals and 19 illegal money-changers have been arrested in Harare since the gazetting of regulations criminalising cash vending, with police recovering $55 000 worth of bond notes, US$1 662 and R6 000. The suspects were also found in possession of 10 000 Tanzanian shillings and 320 Botswana Pula.