Zimbabwe aims to stabilize its economy by cracking down on black market forex trading, blaming it for distorting exchange rates and devaluing the newly launched local currency, ZiG.
Despite arrests of over 70 street forex dealers, the crackdown has driven traders underground and towards more creative methods of doing business.
US dollar remains a preferred medium of exchange in Zimbabwe due to the unstable local currencies, leading to a thriving black market for forex trading.
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