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Zimbabwe Shuts Down Forex Platform to Stem Currency Decline
Zimbabwean authorities shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in its currency. The central bank ordered marketwatch.co.zw and other sites that publish parallel-market currency rate to shut down, Governor John Mangudya said in a phone interview on Tuesday. The website has been used by residents and businesses to guide their purchases of foreign exchange on the streets of the capital, Harare, which they are forced to resort to when weekly central bank auctions don’t provide enough to meet demand. Zimbabwe follows Nigeria, Africa’s ... (full story)