Stockbrokers in Zimbabwe are struggling to explain to investors what’s happened to their money after the government shut down the stock exchange.
The Zimbabwe Stock Exchange announced Sunday it suspended trade to comply with a directive issued by the Information Ministry late Friday that the bourse close.
Investors have used the domestic bourse as a haven from the country’s collapsing currency and inflation of 786% -- the highest rate in a decade.
Investors with cash in Zimbabwe prefer to buy shares to avoid their money losing value.
Movements in domestic stock prices track the parallel currency markets on the streets of Harare, where the Zimbabwe dollar changes hands at about 100 per US dollar, compared with the official rate of 57.35.
