Zimbabwe customs officials were last week shocked when they impounded two buses carrying over $Z5 billion each at Beitbridge Border post en route to South Africa.
A Zimbabwean journalist witnessed the seizure and was told by the bus crew that the money was for speculative purposes due to money shortages in Zimbabwe.
The black market dealers are keeping their money to fund parallel market deals whereby they charge 25 percent by selling the cash to hard-pressed individuals and companies.
Most banks were offering individuals a maximum of $Z5 million, which is not enough to buy basic commodities.
The dealers have taken an advantage to hoard their cash after the Reserve Bank of Zimbabwe governor, Gideon Gono, said he was a turning a blind eye to money barons as they would burn their fingers with the impending currency change.
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