Foreign reserves near pre-pandemic levels

Figures provided by the Bank of Botswana (BoB) during a recent media briefing indicate that while the reserves are recovering, they are still below the healthier levels seen in the years before the onset of the COVID-19 pandemic.

As measured by months of import cover, the July level of foreign reserves represents approximately 9.7 months, up from seven months at the end of last year when the reserves were measured at P54.5 billion.