Zimbabwean security forces ‘behind closure of stock exchange’
Government denies being sidelined by the securocrats over the halting of most mobile money transactions
Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to close the stock exchange and halt most mobile money transactions, people familiar with the situation said.
The June 26 order, which sought to stabilise the nation’s currency, came after pressure from the joint operations command and was made without notifying the central bank, which regulates the mobile money industry, through which almost all of Zimbabwe’s commerce takes place, the people said. They asked not to be identified because the role of the joint operations command hasn’t been disclosed publicly...