By Staff Reporter
July 22, 2018 - Ethiopian security forces have seized nearly $10 million in currency that was being smuggled out of the country, a senior police officer disclosed on Saturday.
Zeyinu Jemal, Commissioner General of the Federal Police Commission, said the money was apprehended in the capital Addis Ababa and other parts of the country in a joint operation conducted by the Federal Police, Addis Ababa police, National Intelligence and Security Services, and Oromia police.
The commissioner said the alleged smugglers are under police investigation but did not mention how many they are.
The operation followed declining dollar exchange rate in Ethiopia’s black market almost comparable to the exchange rate at the country’s commercial banks.
According to the commissioner, the money have been smuggled with an intention to purchase weapons that could be smuggled back into the country and used to create havoc and endanger the security of the Horn of African nation.
“The smuggling of the dollar aims at creating financial crises in the country Zeynu said, adding the campaign launched at controlling trafficking of dollars will continue in a consolidated manner.