Zimbabwe: Absence of Illicit E-Money Trading Laws Shield Cash Barons

10 October 2019

For most Zimbabweans hard pressed for cash which has become so scarce on the market, the sight of money changers on the streets is disheartening as they thrive on exorbitant cash premiums on mobile money users.

Premiums on cash have been inflated as high as 65 percent as hard cash remains inaccessible due to cash hoarding by these street cartels.

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