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Man Loses US$18 000 In Botched Money Exchange Deal

3 August 2021

A Bulawayo man lost US$18 000 to two suspects in a botched money exchange deal.

Police confirmed the incident on their Twitter page saying the botched deal took place on July 31. Said the police:

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On 31 July a man (36) lost US$18 000 to two suspects after a botched money exchange deal in which he intended to change his cash into R280 000. Police have since arrested the suspects and recovered the stolen money. The ZRP warns the public against engaging in dubious monetary transactions.

While risky, the black market offers lucrative rates and can conduct business after hours.

On the other hand, banks offer security but are associated with transaction limits and long waiting periods and other complications.

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