Two sides of the Pula's fortunes
Thursday, February 06, 2014
As a result of the deliberate policy by the Bank of Botswana, the Pula has weakened against most major trading currencies, while appreciating against the Rand.
On an annual basis (12 months to January 2014), the Pula depreciated against the US dollar (9.1 percent) while it appreciated against the Yen (8.3 percent) and the Rand (5.1 percent) respectively.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...