Pula exchange framework largely maintained
Wednesday, December 31, 2025 | 980 Views |
Ear to the ground: Timuno PIC: MORERI SEJAKGOMO
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.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...