Do you know About the Botswana Currency?

Botswana is a county in the center of Southern Africa. With approximately 600 miles (965km) from north to south and also 600miles from east to west.

Within the confined borders of Botswana are rich variety of wildlife,species of mammals, reptiles and fishes.

The Botswana currency is named the PULA. The Botswana Pula is the official currency of Botswana and trades under ISO currency code BWP.

The Pula is pegged to a basket of currency , weighted towards the South African Rand.

At the time of its independence in 1966, Botswana along side Lesotho and Swaziland continue to use the the South African as it currency as a member of the Rand monetary area (RMA). In 1973, the four countries began negotiations on a new currency and banking treaty. However,before the pact was signed in 1974, Botswana withdrew from its negotiations and announced its intentions to set up its own central bank.

The pula debuted on August 23 1976, a day celebrated as annually Pula Day. The currency is pegged into the US dollar , with P1 equaling $1.15.

See what 1Botswana Pula Equals Nigerian Currency:

The Botswana currency Pula, has also been used a lot in the exchange market even with other countries.

1 Botswana pula equals Nigerian currency Naira as 34.79 Naira.

See chart below:

See Also Exchange Rate of the Botswana Currency:

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