BoB income doubles on weaker pula

Masalila PIC: KAGISO ONKATSWITSE
Masalila PIC: KAGISO ONKATSWITSE

The depreciation of the pula against most major currencies particularly the US dollar has seen Bank of Botswana (BoB) income for 2015 doubling from the prior year largely due to currency revaluations.

Addressing the media in Gaborone yesterday, the central bank’s head of monetary and financial stability, Kealeboga Masalila said net income for the bank stood at P9.1 billion more than double the P4.1 billion realised in 2014.

“The highest contribution came from revaluation gains to net income due to the fall of the pula against major currencies,” he said.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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