Police crack down on forex parallel markets

Date:

Fiscal police have today gone on a crackdown on forex parallel markets, weeks after donors froze their aid and a day after the IMF issued a statement that the nation is in a financial crisis.

Information gathered indicates that police have went on a full crackdown right from the capital city on all people that are involved in forex trading.

Commentators have predicted that the police clampdown on the parallel selling of forex signals the tough times ahead as predicted by the Minister of Finance and Reserve Bank of Malawi governor after the freezing of aid.

Under the reign of Bingu wa Mutharika, the same happened as there was a scarce shortage of forex which eventually translated into a shortage of almost everything.

Subscribe to our Youtube Channel:

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Who Will Replace Elon Musk as Twitter CEO?

  https://unsplash.com/photos/9Z-2Ktg6CIM Elon Musk to resign as Twitter CEO After Replacement...

Avoid Excessive Intake Of These 3 Things If You Want To Live Longer

Diseases of the kidney rank among the top 10...

Sad As Woman Dies One Month After Her Wedding (See Photos)

A Nigerian woman, Rahama Asma'u, has died barely one month after...

Kabambe takes his Presidential ambitions to delegates ahead of DPP convention

DPP's Presidential aspirant Dr Dalitso Kabambe said his vision...