Zimbabwe’s tobacco farmers to get half their earnings in US$
Tobacco is one of Zimbabwe’s top export earner and here were fears farmers would withhold their crop if they did not receive payments in US dollars
13 March 2020 - 14:30
Harare — The Reserve Bank of Zimbabwe (RBZ) has said it will pay tobacco farmers half their earnings in US dollars after producers demanded forex payments due to a lack of confidence in the local currency.
Tobacco is one of Zimbabwe’s top export earners and last year brought in more than US$500m in earnings last year. There were fears farmers would withhold their crop if they did not receive payments in US$ ahead of the tobacco-selling season set to start this month...
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