Zimbabwe's stock market drops 32% in November as the central bank raises interest rates to 35%.

Zimbabwe's stock market saw a 32% drop in market capitalization in November due to undervalued stocks and stagnant prices. The All-Share Index fell by 8.31%, while the Central Bank raised the benchmark interest rate to 35% to control inflation. The Securities and Exchange Commission of Zimbabwe (SecZim) is pushing for reforms, moving from criminal to civil penalties to better deter financial crimes.

3 months ago
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