ECONOMIC analyst Yusuf Dodia says the introduction of the K500 and K200 notes will create opportunities for corruption and illicit financial flows. Speaking on Diamond TV’s Breakfast Show, Monday, Dodia said these large denominations would enable people to handle huge amounts of cash, allowing for back-door deals such as buying foreign exchange on the black market. “I just don’t understand it. Nobody wants, no economy wants people to carry cash at hand. All economies want you to transact digitally because it’s traceable. The European Union (EU) has a 500 Euro note, and they are thinking of withdrawing it because it’s not a note to use every day. Our close neighbour, South Africa, has a 200 Rand note, and the only...
