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Zimbabwe stocks plunge 50% in four months as state grip tightens

Zimbabwean stocks have fallen 50% since the end of April after authorities increased taxes on equity transactions and took other steps to support a collapsing local currency and tame triple-figure inflation.

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Zimbabwe stocks plunge 50% in four months as State grip tightens

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Zimbabwe Stocks Plunge 50 percent As State Grip Tightens

Zimbabwe Stocks Plunge 50 percent As State Grip Tightens
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Zimbabwe stocks plunge 50% in four months as state grip tightens

A combined 14 000 basis points in interest-rate hikes this year has played a role in drying up liquidity.

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Zimbabwe abandons bank lending ban that stalled economy

The measure, the lifting of which was announced by Reserve Bank of Zimbabwe Governor John Mangudya on Tuesday, has had little impact on the exchange rate.

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