Enterprise Television- Tobacco Farmers to be Paid in Foreign Currency
Tobacco farmers have welcomed Government’s decision to pay them part of their money in foreign currency.
Farmers are entitled to a cash withdrawal of $300 per sale from banks operating at the auction floors and part of the cash is in foreign currency.
The farmers said they were happy that the banks at the auction floors were giving them a mix of foreign currency and bond notes.
Mhondoro farmer Ms Naume Nyamushanya said she was happy that she was getting part of her cash in foreign currency.
“We are happy that the central bank has listened to our concerns and hopefully this trend will continue throughout the season,” she said.
According to the farmers, gold producers were being given 70 percent of their money in foreign currency while tobacco farmers were not being prioritised on the central banks’ priority list for foreign currency allocations.
Zimbabwe Commercial Farmers Union president Mr Wonder Chabikwa confirmed that farmers were receiving foreign currency as part of their cash payment.
Chabikwa said, “It is better that farmers open separate foreign currency accounts which they can use when they want to buy machinery from outside the country.”