The business community in Sierra Leone has expressed fear for the economy, as bank notes in circulation are in short supply and business transactions are now being said to have been hampered.
A businessman, Mohamed Kamara who spoke to this press, disclosed that “customers and members of the Petty Traders’ Union are always complaining about the lack of bank notes on the market to exchange foreign currencies”.
Mr Kamara added that alternative measures have been taken to keep the business moving and foreign currency exchangers are having field day defrauding the government and its people.
“These transaction are always done to exploit buyers leaving them with no alternative but to lose every Le1000.00 in the interest of the money exchange fraudsters who are seen all over the streets of Freetown.
Millions of Leones generated from this scam is only benefiting the fraudsters who are in possession of this much needed bank notes,” he said.
Members of the Consumers’ Protection Agency and the Petty Traders’ Union are calling on the ministry of Finance and the Bank of Sierra Leone to work out all possible modalities and circulate enough bank notes on the market to avoid exploitation in the hands of these fraudsters.