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US dollar strength threatens pump price recovery

Unsteady times: The recent reduction in global crude prices 
could be undone by the stronger US dollar PIC: MORERI SEJAKGOMO
Unsteady times: The recent reduction in global crude prices could be undone by the stronger US dollar PIC: MORERI SEJAKGOMO

The United States dollar’s record strength against the pula this month, is threatening to undo the improvement in local retail pump prices, which were recently decreased due to lower costs of global crude oil.

On Wednesday the dollar, the currency in which global oil is transacted, reached P13.42 according to the Bank of Botswana website, possibly an all-time high according to available records.

The peak came after weeks of strengthening during which the US dollar has frequently traded above P13 to the pula.

Editor's Comment
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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