Zimbabwean Stock Exchange opens without local dollar

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Flag of Zimbabwe
Flag of Zimbabwe

After a three month break, Zimbabwe’s stock exchange is set to resume Thursday. The Zimbabwean stock market is expected to trade in foreign currency following an announcement by the country’s central bank that it would allow other currencies due to the collapse of the local dollar. According to the Reuter news agency, activities at the Zimbabwean Stock Exchange were halted in November when a central bank crackdown on banks revealed that stockbrokers had allowed traders to use fraudulent cheques to purchase shares.

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