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Home » ZWL liquidity crunch hits BAT

ZWL liquidity crunch hits BAT

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BRITISH American Tobacco Zimbabwe (BAT) says its cigarette sales were down 6,7 percent during the year ended December 31, 2022 due to tight liquidity of the Zimbabwe dollar. It comes as the Reserve Bank of Zimbabwe has lately implemented a tight monetary targeting framework to curb inflation, which analysts say has been driven by money…

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