Illegal Money Changers Reoccupy Usual Spots In CBD

Illegal money changers have reoccupied their trading spots in Bulawayo’s Central Business District (CBD) in contravention of the stay-at-home order.

The foreign currency dealers are back at their usual spots that include the vicinity of Tredgold Building, Leopold Takawira Street opposite TelOne Building while others are operating from Jason Moyo Street opposite Edgars.


Introducing the Pindula News Mobil App
Download from Google Play Store

Some of the money changers are covertly conducting their operations by trading in cars.

Bulawayo police spokesperson Inspector Abednico Ncube said police officers are conducting patrols and spot checks for those defying lockdown restrictions and he also warned that any car owner who is found parked in the CBD will be arrested if they fail to justify their being in town. He said:

As police, we are on the ground to ensure that everyone observes lockdown regulations. We are conducting raids and spot checks and if we find anyone violating regulations through loitering in the city centre we will arrest them. This includes illegal money changers.

Members of the public prefer the higher rates offered by the illegal money changers as opposed to the rate in the formal market.

The parallel market exchange rate was at US$1:43 for electronic transfers while US$1:32 was for those changing using hard cash while the official cross rate is US1:25.

More: Chronicle

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/D4vbg5RLhkbFfVyMdu8rLi


Telegram Group: https://t.me/pindula

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.
Illegal Money Changers Reoccupy Usual Spots In CBD