Pula exchange framework largely maintained

Wednesday, December 31, 2025 | 1020 Views |

Ear to the ground: Timuno PIC: MORERI SEJAKGOMO

The Ministry of Finance and the Bank of Botswana have announced a largely unchanged foreign exchange framework, maintaining the July revisions and only making an adjustment designed to benefit exporters converting foreign currency to Pula.

By law, authorities revise the Pula exchange rate framework twice a year, in June/July and December, basing their decision on factors such as the levels of the foreign exchange reserves, inflation in trading partner countries and others.

July changes to the framework triggered economy-wide price hikes, as the downward rate of crawl of the Pula was increased, while the margins banks pay for accessing foreign currency from the central bank were increased.

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