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    Men’s U-19 cricket team preps for world cup qualifiers

    Botswana Cricket Gears Up for Int’l Tournaments

    ‘Amos did not communicate with us on his intention to go solo’- BAA

    Doping Cases Surge in Botswana Athletics 

    BoBA readies Team for African Champs

    Debswana’s Exemplary Sponsorship Elevates Botswana Sports

    The Abilities of Coach Dose Speak for Themselves 

    The Abilities of Coach Dose Speak for Themselves 

    BoBA is Grateful to Debswana for Increased Sponsorship – Sec Gen

    BoBA is Grateful to Debswana for Increased Sponsorship – Sec Gen

    Tebogo’s Move to US on Hold

    De Grasse Labels Tebogo a Threat in the World of Athletics 

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      Men’s U-19 cricket team preps for world cup qualifiers

      Botswana Cricket Gears Up for Int’l Tournaments

      ‘Amos did not communicate with us on his intention to go solo’- BAA

      Doping Cases Surge in Botswana Athletics 

      BoBA readies Team for African Champs

      Debswana’s Exemplary Sponsorship Elevates Botswana Sports

      The Abilities of Coach Dose Speak for Themselves 

      The Abilities of Coach Dose Speak for Themselves 

      BoBA is Grateful to Debswana for Increased Sponsorship – Sec Gen

      BoBA is Grateful to Debswana for Increased Sponsorship – Sec Gen

      Tebogo’s Move to US on Hold

      De Grasse Labels Tebogo a Threat in the World of Athletics 

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      America’s dollar, Botswana’s problem 

      Reports recently emerged that countries were prioritising currencies over economic growth. This was after the world’s reserve currency, the US Dollar, left a tail of destruction that affected the Pula in the latest of what the US has done several times over decades. Even so, BoB holds that its policy goal of a stable and effective exchange rate regime has been met and that any exchange rate determination that ignores economic fundamentals will not be sustainable. Staff Writer KITSO DICKSON reports

      mm by Kitso Dickson
      September 22, 2022
      in News
      Reading Time: 1 min read
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      America’s dollar, Botswana’s problem 

      Here is my salary! Close-up photo of a young girl in a yellow hoodie, smiling with her eyes, hiding her face behind big amount of money in her hands.

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      During the G-10 Rome meetings held in late 1971, then US Secretary to the Treasury, John Connelly, proclaimed: “The dollar is our currency, but it’s your problem.” That was decades ago, when he was speaking before a number of other countries’ finance ministers.

      This week, the Dollar index rose to a two-decade high after a decision by the Fed to hike interest rate by 75 basis points. Federal Reserve Chairman, Jerome Powell, has signalled more increases ahead, a trend which some experts argue will support the world’s reserve currency. By Thursday, the Pula was trading about P13.28 for every $1, up from P11 September last year.  

      Initially (1976), the Pula was stronger than the US dollar at P1=$1.15, and equivalent to the rand, according to the Bank of Botswana (BoB). But there have been changes to the Pula exchange rate regime over the years effective 1976 when the Pula was introduced after the country left the Rand Monetary Area. Dr. Seamogano Mosanako, the Head of Communications and Information Services at the Bank of Botswana, says the framework changes over the years have included adjustment of weights, introducing the basket, discreet revaluations and devaluations, and ultimately replacing discreet changes with the crawl mechanism to enhance predictability and to avoid destabilising large adjustments. 

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      Tags: Dr. Seamogano MosanakoS&P GlobalStatistics Botswana

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