BoB in ‘comprehensive’ review of pula framework

Friday, July 03, 2026 | 220 Views |

Finger on the pulse: The central bank says it continuously monitors the relevance of its policies PIC MORERI SEJAKGOMO

The Bank of Botswana is set review the current system used to manage the value of the Pula, given its reliance on the foreign exchange reserves which have been sliding in the diamond downturn, BusinessWeek has established.

While central bank officials said the review would be comprehensive, they were also quick to stress that this did not imply the results would equally be significant.

The Pula has been managed via a crawling peg system since 2005, which relies on the central bank having sufficient levels of reserves to make foreign currency available to commercial banks at the rates that it quotes.

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