Botswana Pula (BWP)
Tue, Apr 15The Botswana pula (BWP) serves as the official currency of Botswana, a landlocked nation situated in Southern Africa.
Since 1976, the pula has been the country's official currency, having replaced the South African rand.
The Botswana pula is divided into 100 thebe and is represented by the symbol “P.”
The exchange rate of the pula is influenced by the supply and demand dynamics in the foreign exchange market.
The economy of Botswana is primarily driven by the mining sector, especially the diamond industry, which constitutes a significant share of the nation's exports.
Fluctuations in the prices of these commodities, along with political instability and social unrest, can impact the value of the pula.
The Bank of Botswana oversees the management of monetary policy and the issuance of currency in the country.
Travelers to Botswana can typically exchange their foreign currency for pula at banks, exchange bureaus, and certain hotels and airports.
It is important to note that while credit and debit cards are widely accepted in major cities, they may not be as readily accepted in rural areas.
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