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 posts they usually occupied where currency deals were conducted after new laws
prescribing a maximum 10-year custodial sentence for illegal foreign currency traders came into force.
Although operating in disguise, some of the money changers have returned to their usual operating points at Copa Cabana and Eastgate Mall in Harare among other areas.
Speaking to the Daily News, some of the money- changers said while they are afraid of the 10-year jail sentence, it’s almost impossible for them to stop their business as foreign currency is now in demand as the economy continues on downward spiral.Daily News