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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Although the South African rand is legal tender across the CMA, the other member states issue their own currencies exchanged at par with it: the Lesotho loti, Namibian dollar and Swazi lilangeni. Foreign exchange regulations and monetary policy throughout the CMA continue to reflect the influence of the South African Reserve Bank.
Botswana is part of the Southern African Customs Union with South Africa, Lesotho, Eswatini, and Namibia. The World Bank reports that in 2001 (the most recent year for which World Bank data is available), the SACU had a weighted average common external tariff rate of 3.6%.
In 2003, South African President, Thabo Mbeki visited Botswana President Festus Mogae.The two countries issued a communique that said the two heads of state reviewed bilateral, regional, and international issues of mutual interest, such as the Agreement on the Establishment of a Joint Permanent Commission for Cooperation between Botswana and South Africa.
West African CFA franc: Central Bank of West African States: 1 EUR = CFA 655.957 Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo Cameroon: Central African CFA franc: Bank of Central African States: 1 EUR= CFA 655.957 Central African Republic Chad Equatorial Guinea Gabon Republic of the Congo Algeria: Algerian dinar: Bank of Algeria
Botswana's Ministry of International Relations is a department of the government of Botswana responsible for managing the country's diplomatic relations with other countries and international organizations. This mandate includes political, economic, and social/cultural relations.
The United States considers Botswana an advocate of and a model for stability in Africa and has been a major partner in Botswana's development since its independence. The U.S. Peace Corps returned to Botswana in August 2002 with a focus on HIV / AIDS -related programs after concluding 30 years of more broadly targeted assistance in 1997.
The Johannesburg Stock Exchange, the largest stock exchange in Africa. There are 29 exchanges in Africa, representing 38 nations' capital markets. 21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).