Govt shields Pula from volatile Rand

Thursday, January 29, 2015

The Ministry of Finance and Development Planning (MFDP) has effected adjustments to the exchange rate regime in a move analysts believe is aimed at protecting the Pula’s value against the volatility of the Rand.

Under the crawling peg policy, the Bank of Botswana (BoB) manages the Pula’s value in a “basket of currencies” assigning weights to each currency. The bank uses the “crawling peg” system or regular precise adjustments, to appropriately review the Pula’s value.

The basket of currencies comprises the South African Rand (SAR) and the IMF’s Special Drawing Rights (SDR) consisting of the US Dollar, the Euro, the British Pound, and the Japanese Yen.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

selefu

2 h ago

Tribunal cancels P1.8bn tender

Innocent Selatlhwa | 22 Nov 2024

Khama IV finally breaks BaNgwato royal jinx

Sechele Sechele | 22 Nov 2024

May we borrow your youth?

Bongi D D M Radipati | 22 Nov 2024

Boko’s fiscal path takes shape

Mbongeni Mguni,Pauline Dikuelo,Lewanika Timothy | 22 Nov 2024

BDP was never a liberation movement

Monageng Mogalakwe | 22 Nov 2024

Housing provision tops Boko’s priorities

Spira Tlhankane | 22 Nov 2024

Boko ‘mute’ on immediate promises

Spira Tlhankane | 22 Nov 2024

The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

Mmegi Editor | 22 November 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More