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LOCAL CURRENCY IN BOTSWANA

Need to know waht is the local currency in Botswana? The local money in Botswana is called Pula.

The Batswana Pula is issued and managed by the Bank of Botswana. To find out the current currency exchange rates for Pula to other major currencies of the world, click on foreign currency rates.

Batswana Currency Information
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The currency used in Botswana is called as the Pula. This currency is denoted with the currency sign P and the ISO 4217 Code for the Batswana Pula is BWP. The Pula, is the official currency of the Botswana . It is divided into 100 smaller units called thebe.

The constitution of Botswana provides that the Botswana government shall have the power to print the Batswana Pula and thebe coins to be used as a legal tender in Botswana. The Batswana Pula bank notes and Thebe coins are both designated as "legal tender" in payment of debts.

The Batswana Pula bill uses the decimal system, consisting of 100 equal units.

The symbol P, usually written before the numerical amount, is used for the Batswana Pula.

Currently printed bank notes denominations are 10, 20, 50, 100 and 200 pula[2] and the coins are minted in the denominations of 5, 10, 25, 50 thebe, 1, 2, 5 pula .

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The Effect of Balance of Trade and Investment on Batswana Pula
Financial analysts regularly cite the balance of trade and investment in Botswana as the most important influence on the value of the Pula. The difference between what the Botswana exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Pula exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Pula exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Batswana Pula.
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