HARARE - 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 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.He said government was in"possession of impeccable intelligence ... whereby mobile-based phone systems... are conspiring with the help of the Zimbabwe Stock Exchange -- either deliberately or inadvertently -- in illicit activities that are sabotaging the economy."
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