All foreign currency payments for tobacco sold in Malawi will now be made through the central bank, the Daily Times said, citing a statement from the country's First Discount House.
Tobacco earnings, which are paid in U.S. dollars, previously went directly to commercial banks. The change will allow Malawi's central bank to control the flow of foreign exchange into the country, the Daily Times added.
Malawi is Africa's biggest exporter of burley tobacco. (pi)
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