Foreign reserves near pre-recession levels

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The country’s foreign reserves in Pula terms reached P69.1 billion in July, their highest level since the recession in 2009, with a leading economist attributing the trend to the Pula weakening against the US dollar.

Latest Bank of Botswana (BoB) data indicates that even though foreign reserves softened to P67.3 billion in August, they were still the highest in Pula terms since January 2009.

According to the data and assuming a monthly import bill of P5 billion, the foreign reserve levels in July and August were equivalent to approximately 14 months import cover.

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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