Money dealers fold Zimbabwe

Despite valiant efforts by reserve bank governor John Mangudya to mitigate Zimbabwe biting cash crisis ,huge challenges remain a situation that has seen illegal foreign currency dealers resurfacing in numbers around the country over the past few weeks.

It's been established that with the country experiencing a severe cash crunch that began last year ,illegal foreign currency dealers –and in some cases bank tellers as well have begun to do fast business robbing desperate Zimbabweans blind in the process.

In some extreme cases, a number of bank clients claimed that they had allegedly been charged an exorbitant 10% "commission" by tellers and dealers for electronic transfers to the accounts of money changers in return for hard cash.

A Harare street dealer even boosted that he was using connections within certain banks to access cash and make 'nice' money from this.