Zimbabwe’s government ordered that the bourse and mobile money transfer agents temporarily halt business to allow for probe into illegal forex dealing
A broker makes a bid at a morning trading session of the Zimbabwe Stock Exchange in the capital Harare. Picture: REUTERSZimbabwe’s stock exchange said it was suspending trading on Monday following a weekend government order that the bourse and mobile money transfer agents temporarily halt business to allow for investigations into illegal forex dealing.
In a shock statement on Friday night, the information ministry permanent secretary announced the immediate suspension of trade on the ZSE and mobile money transfer platforms. At one point Zimbabwe’s currency traded at 100 to the US dollar compared to the official rate of 57 to the US dollar.
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