Bank of Botswana Certificates (BoBCs) introduced, signifying a major change to monetary policy implementation through market forces rather than by direct control. Call account facility of the Bank of Botswana was abolished

July 8 – Bank of Botswana take over the management of Bank and Credit and Commerce Botswana (BCCB) after its parent, Bank of Credit and Commerce International (BCCI), was placed in liquidation by the Bank of England. The operations of BCCB subsequently taken over by First National Bank Botswana.

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