In response to the recent monetary policy changes announced by the Reserve Bank of Zimbabwe Governor, a significant number of street money changers have been compelled to vacate their usual spots in Harare.
These money changers were a familiar presence at the entrances and exits of major supermarkets, City Council offices, and money transfer agencies across the city.
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One of these traders, known only as Terrence, expressed concern about the impact on his business.
My livelihood has been affected. The currency exchange business was my main source of income, but I won’t let this setback defeat me. I’ll explore other avenues to sustain myself in my homeland.
“Zvakatoendwa wangu, zvekuchinja mari hazvichatoita kwandiri ndakanyura mari yangu asi handipererwe zvangu.
“We’re awaiting guidance from the monetary authorities to determine if there’s still a demand for our services. The remaining street traders are the more audacious and risky ones, often involved in daylight robberies during foreign exchange transactions.”
We weren’t just dealing with South African Rand and Botswana Pula; we were waiting for opportunities to exploit unsuspecting individuals who were unaware of the risks involved in currency exchange
“Haungangogarira kuchinja maRands nemaPula chete asi vakatomirira kuvhiringa nekunyudza vasati vaziva kuti zvekuchinja mari zvakatovharana,” he said.
In his 2024 Monetary Policy Statement, Reserve Bank of Zimbabwe Governor John Mushayavanhu outlined the objective of establishing
Hmetro
