Reserve bank begins financing tobacco growers

ZIMBABWE - THE Reserve Bank of Zimbabwe (RBZ) has started disbursing 20% pooled foreign exchange proceeds drawn from off-shore facilities to finance tobacco growers, ending several months of waiting by the growers, it has been learnt.

The government, through the RBZ, last year made available foreign currency to the Zimbabwe Tobacco Association (ZTA) for tobacco growers to buy inputs. Realising the litany of depressing facts such as inflationary pressures, foreign exchange shortages, business c

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