Pula breaks P10/$ barrier

Pula movements for the past 12 months
Pula movements for the past 12 months

The Pula reached an all time low against the Dollar this week as the local currency continues to track the South African Rand’s free fall against the greenback.

According to exchange rate figures published by the Bank of Botswana (BoB), the Pula continued its fall against the US dollar to reach P10.10 per dollar yesterday. This was the first time that the Pula has broken past the P10 per dollar psychological barrier.

Analysts said the falling of the Pula against the Dollar is primarily due to the Rand’s similar fall against the American currency, which saw the South African currency fall to a 13 year low of R12.38 per dollar last week.  

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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