Foreign reserves climb to P64bn

As mineral revenues rose on the back of a record-breaking performance in diamond exports for the year, Foreign reserves climbed to P63.6 billion in October 2011.

Bank of Botswana (BoB) data released yesterday indicates that at their October level, foreign reserves are at their highest since February 2009, at which point they began falling as government used them to finance the budget deficit of that year.

Using the September import bill of P3.8 billion, the October reserves could equal import cover of an estimated 16 months.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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