Botswana Pula (BWP)
a.k.a. BWP, Pula
The currency of Botswana, code BWP, managed against a basket that includes the South African rand.
In plain English
The currency of Botswana, code BWP, managed against a basket that includes the South African rand.
The Botswana pula (BWP) runs on a crawling peg: it is tied to a basket of currencies, including the South African rand, and the target is adjusted gradually over time. 'Pula' means rain in Setswana, precious in a dry country.
Diamonds dominate Botswana's exports, so diamond demand matters a lot to its economy.
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