BWP

Botswana Pula

BWP is the official currency of Botswana. It is issued by the Bank of Botswana and is subdivided into 100 thebe.

The pula was introduced in 1976, replacing the South African rand. 'Pula' means 'rain' in Setswana, reflecting its importance in the arid Kalahari region. Since 1980, it has been pegged to a basket of currencies. Botswana's diamond industry supports the currency's relative stability.

Related Terms

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South African Rand

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Bank of Botswana

Bank of Botswana is Botswana's central bank. It sets monetary policy, issues the BWP, and supports f...

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