Inspector General of Police, Stella Libongani, has assured the nation that police will deal severely with any culprit intending to swindle unsuspecting members of the public with the rebased K100 banknotes using old ones.
Ms Libongani said police is well equipped with appropriate knowledge and skills to handle all sorts of financial crimes such as fraud, money laundering, counterfeiting and illegal exchange of currency.
She said the Zambia Police and other stakeholders, such as The Bank of Zambia (BoZ) and Drug Enforcement Commission (DEC) have put in place measures that will ensure prevention of any sort of financial crime activities.
She stressed that police have put in place well calculated means of investigating and prosecuting such cases.
Ms Libongani warned any person with intentions to commit such crimes to desist from doing so as they risk facing the wrath of the law.
The Police IG also reminded all members of the public that it is the responsibility of each and every citizen to protect the integrity of the currency as well as that of the nation.
Ms Libongani said this exercise is timely and has been done at a very huge cost, hence requires the cooperation of all individuals.
She urged all members of the public to report to police or any law enforcement agency, any individual or individuals suspected to be involved in illegal cash transactions.
She said the nation is looking forward to a successful and peaceful transition from the existing to the rebased currencies as the police stood ready to deal with all transgressions.