is bury ▁( Har are ) ▁in ▁December ▁ 1 9 5 1 ▁and ▁trad ing ▁between ▁the ▁two ▁cent ers ▁took ▁place ▁by ▁tele phone . ▁Trad ers ▁continued ▁working ▁by ▁tele phone ▁until ▁it ▁was ▁decided ▁that ▁legisl ation ▁should ▁be ▁en act ed ▁to ▁govern ▁the ▁rights ▁and ▁oblig ations ▁of ▁the ▁members ▁of ▁the ▁exchange ▁and ▁the ▁general ▁invest ing ▁public . ▁ ▁The ▁Rh odes ia ▁Stock ▁Exchange ▁Act ▁reached ▁the ▁stat ute ▁book ▁in ▁January ▁ 1 9 7 4 . ▁The ▁members ▁of ▁the ▁exchange ▁continued ▁to ▁trade ▁as ▁before ▁and ▁for ▁legal ▁reasons ▁it ▁became ▁necessary ▁to ▁create ▁a ▁new ▁exchange ▁coinc ident al ▁with ▁the ▁passing ▁of ▁the ▁legisl ation . ▁The ▁exchange ▁dates ▁from ▁the ▁passing ▁of ▁the ▁act ▁in ▁ 1 9 7 4 , ▁and ▁is ▁operated ▁and ▁reg ulated ▁in ▁accord ance ▁with ▁the ▁act ▁and ▁its ▁am end ments , ▁including ▁ 1 9 9 6 ' s ▁Z imb ab we ▁Stock ▁Exchange ▁Act : ▁Chapter ▁ 2 4 : 1 8 . ▁ ▁On ▁ach ieving ▁independence ▁from ▁Britain ▁in ▁ 1 9 8 0 , ▁the ▁exchange ▁changed ▁its ▁name ▁from ▁the ▁Rh odes ia ▁to ▁the ▁Z imb ab we ▁Stock ▁Exchange . ▁ ▁With ▁the ▁decl ine ▁of ▁the ▁Z imb ab we an ▁economy , ▁hyper infl ation ▁rendered ▁the ▁Z imb ab we an ▁doll ar ▁useless ▁and ▁the ▁US - D ollar ▁was ▁adopted ▁as ▁the ▁legal ▁tender ▁for ▁trad ing