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Home » RBZ liberalises tobacco financing

RBZ liberalises tobacco financing

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THE Reserve Bank of Zimbabwe says it will amend the exchange control laws to allow tobacco merchants to mobilise local funds for the production of the golden leaf.

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In terms of Section 4 of the Exchange Control (Tobacco Finance) Order, Statutory Instrument 61 of 2004, tobacco merchants are required to source offshore financing to produce and buyback green leaf tobacco.

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