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The pula (also known as the Botswana dollar) is the currency of Botswana.It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana—home to much of the Kalahari Desert—and therefore valuable and a blessing.
Gaborone (UK: / ˌ ɡ æ b ə ˈ r oʊ n i, ˌ h æ b-/ GAB-ə-ROH-nee, HAB-, [8] [9] US: / ˌ ɡ ɑː b ə ˈ r oʊ n i,-n eɪ / GAH-bə-ROH-nee, -nay, [8] [10] Tswana: [χabʊˈrʊnɛ]) is the capital and largest city of Botswana, with a population of 246,325 based on the 2022 census, [4] about 10% of the total population of Botswana. [11]
Botswana's currency, the pula, is fully convertible and is valued against a basket of currencies heavily weighted toward the South African Rand. [23] Profits and direct investment can be repatriated without restriction from Botswana. [23] The Botswana Government eliminated all exchange controls in 1999. [23]
Bank of Botswana Banka Ya Botswana; Headquarters: Gaborone, Botswana: Established: 1 July 1975 () Ownership: Government of Botswana 100% [1] Governor: Cornelius Karlens Dekop: Central bank of: Botswana: Currency: Botswana pula BWP Reserves: 7 390 million USD [1] Bank rate: 3.75%: Website: bankofbotswana.bw
African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange. This started to change from the 17th century onwards, as European colonial powers introduced their own monetary system into the countries they invaded.
ABSA Bank Botswana Limited, part of Absa Group; Access Bank Botswana Limited (formerly BancABC), part of Access Bank Group; Bank Gaborone Limited; Bank of Baroda (Botswana) Limited, part of Bank of Baroda Group; BBS Bank Limited; First Capital Bank Limited, part of First Capital Bank Group; First National Bank of Botswana Limited
The Botswana pula replaces the South African rand as Botswana's official currency. [3] 1977. January ... Medu Art Ensemble relocates to Gaborone, Botswana. [7]
Botswana began issuing its own currency, the Botswana pula, in 1976. Bank of Botswana governor Quill Hermans pushed for financial disentanglement from South Africa and its South African rand . Despite international concerns that Botswana might not be able to maintain its own currency, Khama felt that his economic advisors were capable and ...