Police crack down on forex parallel markets

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.