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Home » RBZ liberalises tobacco financing
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RBZ liberalises tobacco financing

written by Farai Mabeza, Senior Staff Writer 0 comments
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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. 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…

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