Botswanan Currency: The Pula

The Pula is the unit of currency in the country of Botswana. The Pula may be designated by the symbol P. One hundred thebe or the symbol t comprise one Pula. The meaning of pula is rain and thebe means shield. The shield is a significant symbol in Botswana, appearing on the Botswana coat of arms.

Bank notes are printed in denominations of 10, 20, 50, and 100. Coins are minted in 5t, 10t, 25t, 50t, P1, P2 and P5. The most frequent exchange rate of the Botswana Pula is the BWP to USD rate.

In the one year period, April 19, 2011 to April 19, 2012, the Botswana Pula had an average rate against the US dollar of 6.9322. The high in this period was 7.4599 and the low was 6.3038.

Major credit cards, such as Visa, MasterCard, American Express and Diners Club, are accepted throughout Botswana. Foreign currency and traveler’s checks are accepted at most hotels and lodges. Major border posts have exchange bureaus. Barclays Bank or Standard Chartered Bank located in major cities provide credit card cash advances. First National Bank facilitates credit card cash advances as well. Western Union money transfer is the most efficient provider of cash transfers in Botswana.