African Nations Intensify Efforts Against Speculative Currency Trading

African governments from Zambia, Zimbabwe, Nigeria, and South Sudan are cracking down on street currency dealers to defend their currencies from speculative trading, resulting in bans, arrests, fines, and revised regulations. Despite these efforts, parallel markets with more widely used exchange rates persist. Recently, Ghana joined the crackdown by imposing new rules on street dealers and setting up a task force to enforce compliance, as announced by Governor Ernest Addison.