Tag: Bank of Botswana

Trading in cryptocurrency not regulated in Botswana – BoB

The Bank of Botswana has been following and monitoring developments on the increasing trade in crypto assets, notably Bitcoin, globally and here in Botswana, including participation by residents and other domestic entities…

BBSL moves towards becoming first indigenous commercial bank

BBS Limited (BBSL) has moved a step towards becoming the first indigenous commercial after the regulator granted the financial institution a provisional commercial banking licence. In a statement, BBSL told its Shareholders,…

Bank of Botswana to issue second emission of P50 banknote

The Bank of Botswana will, from November 15, 2021, following a stock replenishment exercise, issue into circulation a second emission of the P50 banknote bearing the signatures of the former Minister of…

BoB explains Governor’s dual roles

The Bank of Botswana notes, with disappointment, the recent media reports and commentary on its governance, following a submission by the Chief Executive Officer of the Botswana Accountancy Oversight Authority (BAOA) to…

BoB participates in virtual IMF, World Bank meetings

The Governor of the Bank of Botswana, Moses Pelaelo, along with Senior Bank staff, participated in the virtual Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) from…

BoB slashes Bank Rate to 4.75 percent

The country’s central bank has announced it slashed the Bank Rate in many years citing positive inflation outlook. In a statement, the apex bank pointed out that the current state of the…

IMF chief calls for global cooperation

The Governor of the Bank of Botswana, Moses D Pelaelo, in his capacity as the Governor and representative of Botswana at the Non-Executive Board of the International Monetary Fund (IMF), accompanied by…

Bank of Botswana HQ undergoes major redevelopment

The Bank of Botswana says it will embark on a major redevelopment of its Headquarters, commencing in March 2019 and expected to be completed in June 2022. This is part of the…

Bank Rate unchanged at 5 percent

At the meeting held on October 22, 2018, the Monetary Policy Committee of the Bank of Botswana decided to maintain the Bank Rate at 5 percent. The outlook for price stability remains…

IMF deputy managing director visits Botswana

The Bank of Botswana will host the Deputy Managing Director (DMD) of the International Monetary Fund (IMF), Tao Zhang, on July 24 – 26, 2018. The visit of the DMD will be…