Money changing now a crime as Govt gazettes regulations

In an Extraordinary Government Gazette published yesterday, President Mugabe issued Statutory Instrument 122A of 2017 — Exchange Control (Amendment) Regulations 2017 (No 5) which maes money changing a crime and enables the police to arrest money changers and seize whatever currency involved.

Mugabe amended the Exchange Control Regulations of 1996, published in Statutory Instrument 109 of 1996, in particular section 2 of the principal regulations. The amendment was done in terms of Section 2 of the Exchange Control Act (Chapter 22:05). According to the changes, Section 40 (Orders) of the principal regulations was amended by the insertion of subsection (2c) after subsection (2b). Subsection 2c reads:

an authorised officer or a police officer acting to enforce any order — (2c) (a) may, for the purpose of holding the currency as exhibit in subsequent prosecution, seize any currency upon a reasonable suspicion that the possessor thereof is dealing in it unlawfully, that is, in contravention of any order or any provision of the Act or these regulations by virtue of which the order is made.

More: Herald

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