A South Ruimveldt cambio dealer was robbed of almost half a million dollars in local and foreign currencies when two masked men, one of whom was armed with a handgun, robbed him on America Street on Sunday.

Reports indicate that the cambio dealer was standing on America Street when the two bandits who were on a red CG motor cycle, rode up to him.

The pillion rider who was armed with a firearm, then pointed it at him and demanded that he hand over the money. The cambio dealer complied and the CG bandits escaped west on America Street then north into Water Street. The matter was reported to the Brickdam Police Station. Police are reviewing CCTV cameras in the area.