Foreign Reserves rise

Thursday, May 22, 2014

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.

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