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.
‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...