Changeover of banknotes cost P17m

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Government spent over P17 million in last year's changeover of banknotes and the introduction of the new P200 denomination, the Kgatleng District Council (KDC) has learnt.

Last year, the Bank of Botswana (BoB) introduced a new family of banknotes in order to bring them in line with current trends. In addition to the denominations comprising P10, P20, P50 and P100, a new P200 banknote was introduced.

In a written response to a question from Councillor Mpho Morolong, the Ministry of Finance said the total cost of the new banknotes was P17, 003, 733.10.

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