The Botswana pula (BWP) is the official currency of Botswana, a landlocked country located in Southern Africa.
The pula has been the country’s official currency since 1976, when it replaced the South African rand.
The Botswana pula is subdivided into 100 thebe and is symbolized by the “P” sign.
The exchange rate of the pula is determined by the supply and demand in the foreign exchange market.
The Botswana economy is largely driven by the mining industry, particularly the diamond industry, which accounts for a significant portion of the country’s exports.
The value of the pula can be affected by fluctuations in the prices of these commodities, as well as political instability and social unrest in the country.
The Bank of Botswana is responsible for managing the monetary policy and issuing currency in Botswana.
Visitors to Botswana can usually exchange their foreign currency for pula at banks, exchange bureaus, and some hotels and airports.
It is worth noting that credit and debit cards are widely accepted in major cities, but may not be accepted in rural areas.