Pula hits all-time low against US dollar
Friday, December 12, 2014
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The drop in nominal rates, from P8.83 at the beginning of the year, continues a trend seen in the last two years, as the US dollar has strengthened from its global recession weakness. In 2013, the Pula shed 10.8 percent against the US dollar, while for the year up to yesterday, it had lost 7.13 percent.
On Monday, the Pula opened the week nominally valued at P9.40 against the greenback, before dropping to the record low on Tuesday, then subsequently recovering marginal ground to close yesterday at P9.46.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...