Foreign reserves dip to four-year low

Moses Pelaelo PIC: MORERI SEJAKGOMO
Moses Pelaelo PIC: MORERI SEJAKGOMO

The country foreign reserves dropped by 2.2 percent in March, being measured at P70.6 billion, the lowest level the fiscal buffer has reached in four years.

The last time foreign reserves dipped below P71 billion was in March 2014 when they were pegged at P70.1 billion. Bank of Botswana figures released this week show that the reserves fell from P72.2 billion in February due largely to movements in the transaction balances tranche, a subcategory of the reserves catering for short term foreign currency needs in the local market.

The level of the transaction balances tranche fell by 33% in March, one of its steepest declines in recent times. 

Editor's Comment
Congratulations Anicia Gaothuse!

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...

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