HARARE – Zimbabwe’s Victoria Falls Stock Exchange (VFEX) is increasingly positioning itself as a quasi-offshore equity market, providing investors with a hard-currency platform at a time when the country is pushing for de-dollarisation of its economy. Launched in 2020, VFEX trades exclusively in foreign currencies, mainly the US dollar, and offers a safe haven for both domestic and foreign investors wary of Zimbabwe’s volatile local unit. Analysts say the bourse plays a dual role: attracting foreign capital inflows while acting as a bridge between Zimbabwe’s currency reforms and global markets. “In practice, VFEX functions almost like an offshore equity market within Zimbabwe’s borders,” a Harare-based market analyst told The Zimbabwe Mail. “VFEX works because it is offshore in character,” an independent economist said.