US dollar strength threatens pump price recovery
Monday, October 03, 2022 | 960 Views |
Unsteady times: The recent reduction in global crude prices
could be undone by the stronger US dollar PIC: MORERI SEJAKGOMO
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.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...