Zimbabwe bourse resumes trading after month-long suspension

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In a dramatic move on June 29, the government of the crises-plagued country dramatically shut the Zimbabwe Stock Exchange (ZSE) and restricted mobile money payments, alleging improper activities.

HARARE - Trading resumed on the Zimbabwe stock exchange on Monday a month after it was ordered to halt business by authorities scrambling to protect the country's currency, the bourse chief said.

At the time, government claimed that mobile-phone money transfer systems were conspiring with the help of the ZSE "in illicit activities that are sabotaging the economy". "Market now open and first trade done," tweeted the bourse's CEO Justin Bgoni, adding "it has been an excruciating time since 29 June".

 

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