Economy Under Pressure, Botswana to Allow Currency to Depreciate Quicker

Economy under pressure, Botswana to allow currency to depreciate quicker

Botswana said on Thursday it will allow its pula currency to depreciate by 2.76% over the next year, a faster rate than previously announced, as its economy is under pressure because of a prolonged downturn in the global diamond market.

Botswana to allow currency to depreciate quicker with economy under pressure – YourBotswana

11 July 2025 Botswana said on Thursday that it would allow its pula currency to depreciate by 2.76% over the…

Botswana to allow currency to depreciate quicker with economy under pressure

GABORONE, July 10 (Reuters) – Botswana said on Thursday that it would allow its pula currency to depreciate by 2.76% over the next year, a faster …

Botswana to allow currency to depreciate quicker with economy under pressure - Zimbabwe News Now

GABORONE, Botswana – Botswana said on Thursday that it would allow its pula currency to depreciate by 2.76 percent over the next year, a faster rate than previously announced, as its economy is under pressure because of a prolonged downturn in the global diamond market. Botswana reviews its exchange rate twice a year, adjusting it upwards or downwards through a crawling band exchange rate regime under which the pula is pegged to a basket of curr…