About the Botswanan Pula
The Pula was introduced in 1976, replacing the South African Rand at par. The move was a key step in asserting Botswana's economic independence.
The name 'Pula' means 'rain' in the Setswana language, as rain is very scarce in Botswana and therefore valuable. 'Thebe' means 'shield'.
Interesting Facts
A Blessing of Rain
The currency's name, Pula, means 'rain' in Setswana. It's also used as a national motto to mean 'blessing', highlighting the importance of rain in the arid country.
One of Africa's Strongest Currencies
The Pula has historically been one of the strongest and most stable currencies in Africa, supported by Botswana's diamond wealth and prudent economic management.
Crawling Peg System
The Pula's value is managed through a crawling peg system, where its value is tied to a basket of currencies including the South African Rand and the IMF's Special Drawing Rights.
Historical Timeline
Botswana gains independence from the United Kingdom.
The Pula is introduced.
The Pula is devalued by 12% to support export competitiveness.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- BWP
- Symbol
- P
- Numeric Code
- 072
- Subunit
- Thebe (1/100)
- Introduced
- 1976-08-23
Central Bank
- Name
- Bank of Botswana
- Headquarters
- Gaborone, Botswana
- Founded
- 1975
- Current Governor
- Cornelius Dekop (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.1%
- Interest Rate
- 2.65%
Exchange Rates
What Affects the BWP Exchange Rate?
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