Strengthening pula spooks local tourism sector
Friday, May 11, 2018
The pula rose by 7.9 percent against the US dollar last year, although in the last month the greenback mounted a revival to end April with a 12-month loss of 6.7 percent. In January, the Ministry of Finance and Development Planning announced that the pula would adopt a downward crawl of 0.30 percent, which, even though minimal, was interpreted by analysts as a signal that authorities felt the pula was overvalued.
The local tourism sector is heavily dependent on arrivals from the United States, a wealthy and sophisticated market that suits the national policy targeting “high value, low volume” tourists.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...