Botswana Pula (BWP)
"Pula" means "rain" in Setswana — a fitting name for a currency from one of the world's driest countries, where rainfall is so prized it's also the national motto. The pula was introduced in 1976, replacing the South African rand, and has since become known as one of the continent's more stable currencies, underpinned by Botswana's diamond-export economy and prudent fiscal management.
BWP ⇄ USD Converter
History
Botswana used the South African rand until 1976, when it introduced the pula as an act of monetary independence a decade after political independence in 1966. Managed by the Bank of Botswana, the currency has benefited from the country's diamond wealth and a reputation for sound economic governance, helping it avoid the severe inflation and instability that have affected several neighboring currencies over the decades.
Denominations
Botswana pula banknotes currently circulate in these denominations:
- 10, 20, 50 pula — smaller everyday notes
- 100, 200 pula — higher-value notes
Coins are issued in 5, 10, 25, and 50 thebe, plus 1, 2, and 5 pula.
Frequently Asked Questions
What is the currency symbol for the pula?
The pula's symbol is P. Its ISO 4217 currency code is BWP.
Why is the pula considered a stable currency?
Botswana's diamond-export revenues and a long track record of prudent fiscal and monetary management have helped the pula avoid the severe inflation and volatility seen in several other African currencies.
What does "pula" mean?
It means "rain" in Setswana — reflecting how highly rainfall is valued in this largely arid country. "Pula" is also Botswana's national motto.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.