Tobacco farmers in ZWL$5.4bn exchange loss

LIVINGSTONE MARUFU Zimbabwe’s tobacco growers have suffered a huge loss of value amounting to at least ZWL$5.4bn in exchange losses due the mismatch between the auction and the retooling rate, Business Times can report. The plunge, farmers said, has been caused by the monetary policy, which compels farmers to get 60% of their payments in…