Chronicle Editor
ZIMBABWE has seen a troubling rise in armed robbery cases in recent years. A significant factor contributing to this surge is the widespread use of United States dollars (USD) in cash transactions.
Armed robberies have become increasingly common, with criminals targeting individuals, businesses and cash-in-transit vehicles. In 2021, there was a notable increase in such incidents, with robbers often making off with large sums of money. The trend continued into 2022, with even more brazen heists, including a robbery at ABC Auctions in Harare where robbers stole US$1,4 million.
The use of USD is widespread due to the economic instability and hyperinflation of the local currency. Many people prefer to hold and transact in USD, which is seen as more stable and valuable. However, this preference has made those carrying large amounts of cash prime targets for armed robbers. Criminals are aware that USD is often kept in homes, businesses and vehicles, making it an attractive target.
Several high-profile armed robbery cases illustrate the extent of the problem. For instance, in January 2021, a cash-in-transit vehicle was robbed of US$2,775 million along the Harare-Chinhoyi Road. In another incident, robbers stormed Thorncroft Primary School in Ruwa and stole US$30 000.
These cases highlight the significant sums of money involved and the lengths to which criminals will go to obtain USD.
The USD has, unfortunately, become the currency of crime in the country. Its high value and liquidity make it a preferred target for robbers. This situation is exacerbated by the fact that many transactions are conducted in cash, increasing the risk of theft. The reliance on USD has created a vicious cycle where the need for a stable currency leads to increased crime, which in turn undermines economic stability.
The rise in armed robbery cases is a complex issue with multiple contributing factors. However, the widespread use of USD in cash transactions is a significant driver of this trend. Addressing this problem will require a multifaceted approach, including improving economic stability, enhancing security measures and encouraging the use of safer transaction methods.
To promote digital payments authorities can encourage the use of mobile money platforms like EcoCash, which allow users to make transactions without carrying cash. They can also increase awareness and accessibility of bank transfer services for everyday transactions.
The Government can also improve infrastructure to ensure that mobile and internet networks are reliable and accessible, even in rural areas. There will also be a need to encourage businesses to install more point-of-sale (POS) terminals to facilitate card payments.
We also implore Government to provide incentives for businesses and individuals to adopt digital payment methods, as well as develop and enforce regulations that support the safe and widespread use of digital payments.
By implementing these strategies, we can reduce the reliance on cash transactions, thereby decreasing the risk of armed robberies and enhancing overall economic security and stability.
Online Reporter