Browsing: Botswana Pula

Image of 200 Botswana Pula. www.theexchange.africa
  • One of the driving forces behind nation's economic success is the Botswana Pula (BWP), the country's currency.
  • last year the local currency fell by 8.1 per cent against the US dollar, one of the single most important currencies for the local economy as it is the trading currency for rough diamonds.

Botswana, is known for its stable democracy, strong economy and of course economic transparency. The country has been rated as the least corrupt nation in Africa, a feat that is uncommon among neighbours that fall prey to bribery and graft. One of the driving forces behind nation's economic success is the Botswana Pula (BWP), the country's currency.

The Pula, which means "rain" in the Setswana language, was first introduced in 1976, replacing the South African Rand. It has since maintained a strong parity against major currencies, such as the US dollar and Euro, demonstrating strength in a region that…