The Zimbabwe Anti Corruption Commission has revealed that it is opening an investigation into the source of Ecocash agents selling cash at exorbitant rates. This was revealed by a Tweet from the commission on early Monday morning. Writing on their Twitter handle the commission said:
We are concerned about the volumes of isolated of reports we have received in connection @EcoCashZW agents manulating the cash ecosystem to their unfair advantage by selling cash & at prohibiting rates.
We are aware that this practice is enabled & supported at a systematic level.An investigation has been opened which must determine and charge the real perpetrators behind this rot. We hope that @econetzimbabwe and @ReserveBankZIM will also look into this seriously to bring an urgent and lasting solution.
We believe that in order to effectively fight corruption, all avenues that promote corruption regardless of size must be shut with urgency and we look forward to work with all stakeholders in such scenarios to actively close these pilferage opportunities.
We are concerned about the volumes of isolated of reports we have received in connection @EcoCashZW agents manipulating the cash ecosystem to their unfair advantage by selling cash & at prohibiting rates. We are aware that this practice is enabled & supported at a systematic level.
— Zimbabwe Anti-Corruption Commission (@ZACConline) September 16, 2019
Over the past few days, Ecocash agents have been selling cash at 60% and 50% for bond notes and bond coins respectively.
Source; Twitter