Foreign Reserves rise

The countrys foreign exchange reserves increased by P712 million (one percent) to P75.2 billion in the month of May, figures published by the central bank this week shows.

Measured in US dollar terms, the reserves rose by $82 million to $8.6 billion. In a report, the Bank of Botswana said that based on changes in the reserves, adjusted for unrealised gains and losses, the balance of payments was in overall surplus by P670 million in May. For the year to date, the cumulative surplus was P7.95 billion.  

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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