END OF TOBACCO SEASON HITS EXCHANGE RATE

THE depreciation of the Zimbabwe dollar against the United
States dollar and other currencies in recent weeks is as a result of the
closure of the tobacco marketing season which is a major foreign currency
earner for the country.

This was said by …

THE depreciation of the Zimbabwe dollar against the United States dollar and other currencies in recent weeks is as a result of the closure of the tobacco marketing season which is a major foreign currency earner for the country. This was said by Reserve Bank of Zimbabwe Deputy Governor, Dr Kupukile Mlambo, who was standing in for RBZ Governor Dr John Mangudya, when he appeared before