Foreign reserves hit 23-month high

While the higher reserves could possibly be linked to hard currency loans taken on by government, published details provided by the Finance Ministry suggests the amounts were supplied in months prior to July 2026.

Bank of Botswana figures released this week indicate that at P63.2 billion, the reserves are seven percent higher than in June and 32% above July 2025. The figures also indicate that the increase in the reserves was within the transaction balances tranche, a component of the liquidity portfolio dealing with any short-term needs for foreign currency in the economy.