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*RBZ Dupes Tobacco Farmers As It Suddenly Changes Payment Method* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?sp The Reserve Bank of Zimbabwe (RBZ) reneged on its earlier commitment to pay tobacco farmers 50% of their sale proceeds in foreign currency. In a circular released on Tuesday, the RBZ said farmers will now effectively be paid 100% in RTGS dollars (ZWR). The circular read in part: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Merchant is going to get 100% RTGS$ to enable the purchase of tobacco. The farmer will get 100% RTGS$ sales proceeds after deducting all other costs. > The farmer will have to, if they require the foreign currency, buy back the 50% foreign currency component using sale date exchange rates and the foreign currency will be credited in their local FCA (foreign currency) account with their bank. The 2019 tobacco marketing season commenced on Wednesday. *Related:* *Tobacco Farmers To Be Paid 50% Earnings In US Dollars* More: Newsday _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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