Botswana pula
| ISO 4217 Code | BWP |
| User(s) | Botswana |
| Inflation | 10.7% |
| Source | Bank of Botswana, August 2006 |
| Subunit | |
| 1/100 | thebe |
| Symbol | P |
| Coins | 5, 10, 25, 50 thebe, 1, 2, 5 pula |
| Banknotes | 10, 20, 50, and 100 pula |
| Central bank | Bank of Botswana |
| Website | www.bankofbotswana.bw |
The pula is the currency of Botswana. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana - home to much of the Kalahari Desert - and therefore valuable. The pula is divided into 100 thebe (lit. "shield"). The pula was introduced in 1976, replacing the South African rand at par. Despite a 12% devaluation in May 2005, the pula remains one of the strongest currencies in Africa.
Contents |
Coins
Coins in current use are in denominations of 5, 10, 25 and 50 thebe, 1, 2 and 5 pula. 1 and 2 thebe coins have been withdrawn from circulation.
Banknotes
Banknotes in ciculation are the 10, 20, 50 and 100 pula. According to a press release[1], the old 1, 2 and 5 pula banknotes were demonitized on July 1, 2006, but can be exchanged at the central bank for 5 years.
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References
- ^ Nachthund on behalf of Bank of Botswana (2006-02-06). Demonetization of P1, P2 and P5 Banknotes. Retrieved on 2006-07-31.
| Preceded by: South African rand Reason: creation of independent currency Ratio: at par | Currency of Botswana 1976 – | Succeeded by: Current |
Categories
Currencies of Africa | Circulating currencies | Economy of Botswana