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This time the country’s commercial banks and their regulator, Bank of Botswana, should hasten to address this issue before it gets out of hand. The banking sector should ensure that the money that goes into circulation is clean. There is no way in which innocent customers and clients can effectively deal with the problem when the banking sector fails to ensure the dispensation of clean money. The irony of the situation is that when the banks issue dirty money, it is the innocent customers and the public who pay the price and bear the suffering. The situation is made worse when the same banks reject the dirty money they pumped to the public through the ATMs. In this situation, it is difficult and absurd to comprehend who the banks serve and what business morals they possess.
Should the nation trust that the banks would this time carry out their duties and if they fail, they would pay the penalty and save the long-suffering customers more trauma? It is not right for banks to charge high fees for their services and then duck responsibility and leave the customers in the lurch when they have messed up. Just yesterday, Bank of Botswana wrote to members of the public to be on the lookout for dye-stained notes. While the gesture may keep the nation on the alert, the people can only do so much in the fight to contain the problem. The Bank of Botswana should make sure that it takes action against commercial banks who will be incompetent enough to issue customers with the stained money - especially through ATMs. The alarm has been sounded and commercials banks do not have an excuse to engage in the type of daylight robbery they performed the last time stained notes were in circulation.
Today’s Thought
Do all the good you can, By all the means you can, In all the ways you can, In all the places you can, At all the times you can, To all the people you can, As long as ever you can.
John Wesley
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