Zim woman nabbed with R2,5m notes

HARARE - Police in the capital Harare arrested a woman in possession of 10billion Zimbabwean dollars of new banknotes, just two days after they were released onto the market, state media reported yesterday.

HARARE - Police in the capital Harare arrested a woman in possession of 10billion Zimbabwean dollars of new banknotes, just two days after they were released onto the market, state media reported yesterday.

The unidentified woman is linked to a high-ranking official, the Sunday Mail confirmed. The money is worth about R2,5million on the official market.

The 24-year-old was arrested on Saturday when police noticed her driving suspiciously fast through an area notorious for illegal foreign-currency deals and prostitution.

Though she initially told the police she survived by selling eggs, the woman was found to have 10billion dollars of new 500000-denomination notes stashed in the back of her car.

The note was first released to banks late on Thursday, after Reserve Bank governor Gideon Gono announced he was withdrawing the popular 200000 dollar note - then the highest denomination - in a bid to outwit cash hoarders. - Sapa-DPA

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