Illegal forex exchange syndicates blossom during COVID-19 lockdown

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ZIMBABWE Republic Police has raised concern over sprouting illegal trade in foreign currency (forex) in the country’s business centres.

Police have so far arrested over 7 000 people countrywide for various offences since the national lockdown commenced on March 30.

Police spokesperson Paul Nyathi urged the public to follow the regulations of the lockdown and stop illegal forex exchange.

“The Zimbabwe Republic Police will arrest all illegal foreign currency dealers who are committing such criminal acts whilst at the same time disregarding the government’s COVID-19 lockdown measures,” Nyathi said.

This followed police observations of how the CBD dealers are becoming creative in committing the illegal acts while hiding from the authority.

“The ZRP has noted with concern the proliferation of illegal forex exchange syndicates during COVID-19 lockdown. Some of the groups or individuals are using vehicles, backyard offices and some homes to engage in the criminal acts,” police cried.

Nyathi urged the public to receive their money from authorised dealers.

The police said there is no need for people to be in queues to change money because they will be exposing themselves to COVID -19.

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