Pula tanks to record lows against the dollar
Friday, July 15, 2022 | 860 Views |

Ear to the ground: The central bank keeps tabs on the local currency’s value PIC: PHATSIMO KAPENG
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.
Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...