The good and bad of a strong Pula

He further stated that a stable Pula in relation to other currencies provides support for both exporters and importers, including those producing for the domestic market.

“Competitiveness of domestic producers depends on productivity, which is a matter to be addressed at the level of individual businesses,” he argued.
As a result of the deliberate policy by the Bank of Botswana, the Pula has weakened against most major trading currencies, while appreciating against the Rand. On an annual basis (12 months to January 2013), the Pula depreciated against the US dollar (9.1 percent) while it appreciated against the Yen (8.3 percent) and the Rand (5.1 percent) respectively.