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Currency

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The Bank of Botswana has been issuing currency (notes and coin) since August 1976 when the national currency, the Pula, was first introduced. As set out in of the Bank of Botswana Act (Cap 55:01, Part V), the Bank has responsibility for the issue and circulation of currency in Botswana. Thus, a central objective of the Bank is to provide a secure supply of national currency to adequately meet the needs of a growing economy. This includes maintaining at all times public confidence in the value and safety of currency. This obligation is discharged primarily by the Banking and Currency Department through supervising the production and distribution of new currency as well as the withdrawal of old notes an coins. More broadly, confidence in the currency is supported by the effective implementation of monetary policy in order to control inflation and maintain purchasing power.

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