Pula tanks to record lows against the dollar

Ear to the ground: The central bank keeps tabs on the local currency’s value PIC: PHATSIMO KAPENG
Ear to the ground: The central bank keeps tabs on the local currency’s value PIC: PHATSIMO KAPENG

The local currency sank to possibly its lowest ever level against the dollar this week, stopping shy of USD/P13, after the greenback surged against global currencies, BusinessWeek has established.

Bank of Botswana indicates that the pula began the week at USD/P12.67, before dropping further to USD/P12.77 on Tuesday and then recovering marginally to USD/P12.72 by Wednesday press time. The pula began the year at P11.79 against the dollar, having shed nearly nine percent against the greenback in 2021.

Prior to this week’s fall, available data indicates that the pula had already lost 8.3 percent against the dollar since January.

Editor's Comment
‘Boraboko’ should face the wrath of the law

Still in Molepolole, a young woman was also reported missing, only for her decapitated body to be found inside in a shallow grave! The issue of missing persons has always been a challenge in our country, and a considerable number of missing persons are unfortunately found dead! Something troubling is the murders related to missing persons, which touch on an array of issues, including the killing of intimate partners, often referred to as passion...

Have a Story? Send Us a tip
arrow up