Botswana has set its pula currency to lose value at a faster rate this year, a senior official said Monday, as it seeks to boost export competitiveness after the COVID-19 pandemic has had a deep ...

Botswana devalues currency. Botswana has devalued its currency, the pula, by 12% in a surprise move. Published On 30 May 2005 30 May 2005. The devaluation on Monday would give exporters and ...

Botswana’s country ceilings for foreign currency debt and bank deposits are rated A2/Prime-1 by Moody’s Investor Services, and the government’s domestic currency rating is A1.

GABORONE, Jan. 5 (Xinhua) -- Botswana is planning to allow a 1.51 percent depreciation of its currency until December 2024 to counter inflation, the finance minister has announced.

Botswana gets 30% of its revenue and 75% of its foreign currency earnings from diamonds and the current market downturn resulted in the economy contracting by 3% in 2024.

In Botswana’s currency, Debswana’s rough diamond sales rose 48.3% to 56.544 billion pula, reflecting a stronger dollar in the period.

Botswana’s economy may contract by 1.7% this year due to a prolonged downturn in diamond sales, the country’s primary export commodity, Finance Minister Ndaba Gaolathe said.

Botswana has set its pula currency to lose value at a faster rate this year, a senior official said Monday, as it seeks to boost export competitiveness after the COVID-19 pandemic has had a deep ...