Reserve Bank of Zimbabwe (RBZ) will now hold 80 percent of all tobacco receipts for distribution to other banks while the receiving bank shall retain 20 percent.

This follows cash problems at the tobacco auction floors where farmers are failing to access their cash, with banks paying out $500 instead of the $10,000 limit set by the Central Bank.

[button link=”http://www.chronicle.co.zw/rbz-holds-8-percent-of-all-tobacco-receipts/” color=”default” size=”” type=”” shape=”” target=”_blank” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” shadow=”” icon=”” icon_divider=”yes” icon_position=”left” modal=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ alignment=”left” class=”” id=””]CLICK HERE FOR MORE INFO[/button]