Pula endures difficult 2022

In the hand: The Pula had a difficult year
In the hand: The Pula had a difficult year

The Pula endured a difficult period last year, dropping against most of the hard currencies and the South African Rand.

Data released by the Bank of Botswana indicates that last year, the local currency fell by 8.1 percent against the US dollar, one of the single most important currencies for the local economy as it is the trading currency for rough diamonds.

While dropping against the greenback helps the export allure of diamonds for buyers in the United States, which is the world’s biggest market for the stones, the US dollar also gained significantly against other hard currencies during the year, which would impact the affordability of diamonds for buyers in those countries.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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