Articles tagged 'money changers'

8 in court for illegal forex dealing 5 January 2019 HARARE - Eight suspected money-changers yesterday appeared before the Harare Magistrates’ Courts for illegally dealing in foreign currency. Nigel Mangozho, 32, and seven others were caught in the act by police and arrested. Allegations are that Mangozho on January 3, 2019 was at CopaCabana ...
Forex dealers resurface, cite demand 10 December 2018 HARARE - Forex dealers popularly known as ''money-changers'' are back on the streets operating underground as they still claim that there is high demand for foreign currency now because government is charging duty in foreign currency. In recent weeks, forex dealers were largely absent from pos...
Drive out touts, money changers 17 October 2018 HARARE - Recent events in the country will leave anyone — including those outside Zimbabwe's borders — having a rethink on our citizens' claims to being one of the most literate nations on the continent. No-one would doubt that things are so bad in the country but surely there is something tha...
Zanu PF youths gun for dealers 7 October 2018 HARARE - Zanu PF youths have declared war on illegal traders and ruling party bigwigs suspected of being behind the country's thriving foreign currency black market. Their warning comes as bond notes continue to crash precipitously against the United States dollar — causing mayhem in mainstrea...
Forex dealers pushed back for ED's arrival 12 June 2018 HARARE - Security details yesterday pushed back illegal foreign currency dealers from the Meikles Hotel where President Emmerson Mnangagwa was meeting a high-profile delegation of Chinese investors. Mnangagwa arrived in his motorcade to an unusually clean Third Street and Second Street after t...
Govt headache over moneychangers 7 June 2018 HARARE - Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice. This comes as the country is in the throes of a critical US dollar shortage it adopted as legal tender in 20...
Punish money changers severely 29 November 2016 HARARE - The introduction of bond notes has, without doubt, evoked the 2008 memories, as more and more people remain sceptical over the surrogate currency's value and if it will last the distance, considering the profiteering mentality prevalent in Zimbabwe. It is government's duty to put meas...
Bearer cheques 'bounce back' 27 September 2016 HARARE - Zimbabwe's long forgotten bearer cheques have resurfaced on the streets of Harare, with money changers paying United States dollars for the notes. A survey carried out by the Daily News yesterday confirmed that the notes — introduced at the height of Zimbabwe's economic crisis charact...