Farmers fail to draw $300 cash a day

Farmers fail to draw $300 cash a day
Published: 02 May 2018
Banks operating at tobacco auction floors are not giving farmers a daily cash allocation of up to the $300 set as a maximum by the Reserve Bank of Zimbabwe.

Farmers saying the banks are giving them a once-off $300 payment, mostly in bond coins.

Farmers consider that the limit set is also their entitlement. Banks rely on the RBZ for bond notes, coins and US dollar banknotes as very little is deposited and if they do not get cash from the RBZ they cannot issue cash.

Reserve Bank of Zimbabwe governor Dr John Mangudya said recently that farmers were the geese that lay the golden eggs and therefore should reap the fruit of their labour.
- The Herald
Tags: Farmers,


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