Foreign reserves buffer remain solid - BoB govern

Tuesday, November 29, 2016

Despite the weak global economic performance and other unfavorable factors in recent years, Botswana’s economic position has remained relatively strong with foreign exchange reserves amounting to approximately 18 months of import cover, says the Bank of Botswana governor.

Import cover measures the number of months a country’s available foreign exchange reserves in the central bank can cover the cost of imports.

Officially opening the just ended Global Expo and 4th Investment and Trade conference, Moses Pelaelo said Botswana’s foreign exchange reserves currently amount to U$7.4 billion (P76 billion) representing 18 months of import, which is equivalent to 53% of the GDP.

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Foreign reserves buffer remain solid - BoB govern

Despite the weak global economic performance and other unfavorable factors in recent years, Botswana’s economic position has remained relatively strong with foreign exchange reserves amounting to approximately 18 months of import cover, says the Bank of Botswana governor.

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