Zimbabwe Stock Exchange suspends trading

The Zimbabwe Stock Exchange has confirmed the suspension of trading until further notice following a government statement on Friday.

The bourse says it is waiting for ‘guidance from [its] regulators on the operational modalities going forward’.

It says it ‘engaged both the Securities and Exchange Commission of Zimbabwe (SECZ) and the Ministry of Finance and Economic Development’.

The unprecedented move on Friday which also saw certain mobile money services suspended is targeted at arresting pressure on the Zimbabwe dollar which has been in free fall since February this year.

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