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Saturday, June 24, 2023

BOTSWANA and its Currency


BOTSWANA and its Currency.

Location

Botswana is a landlocked country in Southern Africa. It is bordered by South Africa to the south, Namibia to the west, Zambia to the north, and Zimbabwe to the northeast.

History

Botswana was inhabited by hunter-gatherers for thousands of years before the arrival of the Bantu people in the 17th century. The Bantu people established a number of chiefdoms, which were eventually united under the rule of the Tswana people in the 19th century.

In 1885, Botswana became a British protectorate. It gained independence in 1966.

Present Status

Botswana is a stable and prosperous country. It has one of the highest per capita incomes in Africa. The country's economy is based on mining, tourism, and agriculture.

Currency

The currency of Botswana is the pula (BWP). The pula is divided into 100 thebe. The symbol for the pula is P.

The pula was introduced in 1976, replacing the South African rand. The name pula means "rain" in Setswana, which is the national language of Botswana.

The denominations available for Botswana pula banknotes are:

P1
P2
P5
P10
P20
P50
P100
The denominations available for Botswana pula coins are:

1 thebe
5 thebe
10 thebe
25 thebe
50 thebe
The old currency of Botswana was the South African rand. The rand was used in Botswana from 1966 to 1976.



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