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BOTSWANA PULA

Botswana pula
Obverse of 2 pula (1980s) Reverse of 2 pula (1980s)
Obverse of 2 pula (1980s) Reverse of 2 pula (1980s)
ISO 4217 Code BWP
User(s) Botswana
Inflation rate 8.3%
Source CIA World Fact Book, 2005 est.
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.

Coins

Coins: 5t, 10t, 25t, 50t, P1, P2, P5

Previous issue inclued a 1 and 2 thebe.

Banknotes

Banknotes: Current: P10, P20, P50, P100, Previous issue include 1, 2 and 5 Pula.

According to a press release[1], the old 1, 2 and 5 pula banknotes were demonitized on July 1, 2006, and can be exchanged at the central bank for 5 years.

Despite a 12% devaluation in May 2005, the Pula remains one of the strongest currencies in Africa.

Current BWP exchange rates

As of June 13, 2006, the rate was
1 USD = 5.7929 BWP
1 EUR = 7.28456 BWP
1 ZAR = 0.856052 BWP
edit this exchange rate

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References

  1. ^ 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


Currencies of Africa
North Algerian dinar | Euro (Plaza de soberanía) | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Euro (Azores, Canary Islands, Madeira) | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Mayotte, Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Norwegian krone (Bouvet Island de jure) | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar