Ethiopia seized over 7.6 million birr, 53k US dollars from black market currency exchange

black market currency _ Ethiopia
Photo credit : EBC

borkena
September 9, 2019

Addis Ababa police commission disclosed on Monday that it has seized over 7.6 million Ethiopian Birr and 53,000 US dollars, as reported by state-affiliated Fana Broadcasting Corporate. 

According to the report, the money was seized in a foreign currency black market as “individuals were in the business of conducting illegal foreign currency transactions.” 

Lafto Sub-City Police in Nifas Silk area of Addis Ababa said that it got information from the public regarding and it conducted a sudden search the residences of the suspects.

Ten suspects are arrested and currently, under investigation, Commander Awol of Addis Ababa Police is cited as saying.



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