NEW BANKNOTES ON THE STREETS: GOVT TRADING ON BLACK MARKET?!
Residents have called on Government to investigate the issuance of cash through banks as they complained that more notes were increasingly being traded on the black market.
Contributing during a Money Laundering and Proceeds of Crime Bill consultative meeting organized by the Parliamentary Portfolio Committee of Finance yesterday, the residents said they were unhappy that new banknotes were being issued through illegal money changers, popularly known as “osiphatheleni”, at a time when banks and other formal channels do not have cash.
“If you go to money changers now you will find that they have brand new five-dollar notes, which are still wrapped with Reserve Bank papers. The streets are full of these notes but we have the Central Bank and official channels failing to give cash,” said one of the participants.
WHERE ARE THEY GETTING THE NEW BANKNOTES??
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11 INSIDE PICTURES OF EX PRESIDENT MUGABE’S FAMOUS BLUE ROOF MANSION
There has been a lot of elusiveness surrounding ex-president Mugabe’s Blue Roof Mansion is Borrowdale.
Approach roads to the mansion, topped by a Chinese-style roof clad in midnight blue tiles from Shanghai, have always been off-limits to the general public.
The blue roof reportedly rests 44 acre landscaped grounds and is protected by a multi-million pounds ra…MORE HERE
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