{"id":19779,"date":"2023-01-12T09:07:23","date_gmt":"2023-01-12T09:07:23","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022"},"modified":"2023-01-12T12:34:06","modified_gmt":"2023-01-12T12:34:06","slug":"pula-endures-difficult-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022","title":{"rendered":"Pula endures difficult 2022"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The Pula endured a difficult period last year, dropping against most of the hard currencies and the South African Rand.<\/b><\/p>\n

Data released by the Bank of Botswana indicates that last year, the local currency fell by 8.1 percent against the US dollar, one of the single most important currencies for the local economy as it is the trading currency for rough diamonds.<\/p>\n

While dropping against the greenback helps the export allure of diamonds for buyers in the United States, which is the world\u2019s biggest market for the stones, the US dollar also gained significantly against other hard currencies during the year, which would impact the affordability of diamonds for buyers in those countries.<\/p>\n

The Pula\u2019s slide against the US dollar also meant more pressure on local fuel prices, which increased several times in 2022, before easing towards the end of the year.<\/p>\n

According to the central bank, the Pula also shed 2.3 percent against the Euro and two percent against the South Africa, the latter being the largest source of imports for Botswana. Inflation peaked at a 14-year high last year and while it has retreated, remains well above the BoB\u2019s targets, with much of this attributed to food and fuel prices.<\/p>\n

In 2022, the Pula\u2019s only gains were against the Japanese yen, the British pound and the Chinese renminbi, by 5.8, three and 0.5 percent respectively.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The Pula endured a difficult period last year, dropping against most of the hard currencies and the South African Rand. Data released by the Bank of Botswana indicates that last year, the local currency fell by 8.1 percent against the US dollar, one of the single most important currencies for the local […]<\/p>\n","protected":false},"author":84,"featured_media":19778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,244],"tags":[233,237,234],"class_list":["post-19779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nPula endures difficult 2022 - Botswana<\/title>\n<meta name=\"description\" content=\"The Pula endured a difficult period last year, dropping against most of the hard currencies and the South African Ran ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pula endures difficult 2022\" \/>\n<meta property=\"og:description\" content=\"The Pula endured a difficult period last year, dropping against most of the hard currencies and the South African Ran ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-12T09:07:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-12T12:34:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1673501941.54.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Pula endures difficult 2022\",\"datePublished\":\"2023-01-12T09:07:23+00:00\",\"dateModified\":\"2023-01-12T12:34:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022\"},\"wordCount\":240,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1673501941.54.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/pula-endures-difficult-2022\",\"name\":\"Pula endures difficult 2022 - 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