Zimbabwe: RBZ Must Ensure Tobacco Farmers Get Cash

18 April 2017
opinion

Obert Chifamba — I understand a recent demonstration was over banks' refusal to allow them cash withdrawals of up to $1 000 as proclaimed by a tripartite agreement involving Reserve Bank of Zimbabwe (RBZ), Tobacco Industry and Marketing Board (TIMB) and the Zimbabwe Tobacco Association (ZTA), which authorised withdrawals of $1 000 for initial sales and $500 for subsequent ones.

The farmers were also protesting against a decision by banks to limit their withdrawals to a maximum $300 and delays in processing of their payments. Police had to be called in to quell this potentially riotous situation.

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