Fall of dollar eats into Botswana's reserves

The Pula lost value against all currencies of Botswana's major trading partners in 2007 except the US dollar, a development which has repeatedly been labelled by economic pundits as negative to the national economy.

According to a statement released by the bank of Botswana this week, last year the Pula depreciated against all the major trading partner currencies except the US dollar, against which it appreciated by 0.4 percent.

The annual largest depreciation was 10.3 percent against the euro while the least was 1.3 percent against the pound.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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