The Botswana pula has traditionally had a similar exchange rate to the
South African rand, which meant that goods sold for almost the same price
in both countries.
Exchange rates: Botswana
pulas per US$1
Jan 2001 5.4585
2000 5.1018
1999 4.6244
1998 4.2259
1997 3.6508
1996 3.3242
SOURCE : CIA World Factbook 2001 [ONLINE].
During the late 1990s the pula was much stronger than the rand, resulting in
South African products becoming relatively cheaper when purchased in pula.
Botswana could afford to import more South African products. The stronger
pula relative to the rand also meant that foreign investors found Botswana
a more attractive place to invest money. However, during the same time period
the pula gradually lost its value against the U.S. dollar, meaning that imports
valued in U.S. dollars, such as those from the United States it
self as well as from
many other countries, were more expensive. But Botswana's exports, especially diamonds,
were cheaper for American and European buyers.
The Botswana Stock Exchange, established in 1995, had 22 companies listed in 2001,
including 6 South African companies.
The Botswana pula has traditionally had a similar exchange rate to the
ReplyDeleteSouth African rand, which meant that goods sold for almost the same price
in both countries...i just want to know whos picture is one this currency
kristin
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