Botswana Currency | Botswana Legal tender

The Botswana currency is called the Pula abbreviated as BWP.1 pula is equivalent to 100 thebe. Notes come in denominations of 100, 50, 20 and 10. Where as coins are in denominations of 5, 2 and 1 and 50, 25, 10 and 5 thebe.

It is advisable for currency exchanges to be carried out in banks which charge current market rates. The main commercial banks in Botswana are: Bank of Botswana, Bank of Baroda, Barclays bank, First National Bank, Stanbic Bank Botswana and Standard Chartered Bank with branches spread all over major towns and villages in Botswana. Due to limited financial facilities in small villages, it is advisable to change money at the airport on arrival or in major towns in Botswana where credit card cash advances may also be available. There are forex beaureaux at major border posts and it is important to note that safari lodges accept payment in US dollars.

Widely accepted credit/debit cards in Botswana are: American Express, Diners Club, MasterCard and Visa cards. ATMs facilities can be accessed at the international airport and most major towns and cities in the country.

For convenience and accessing of uniform currency rates, it is highly advisable to carry travelers’ cheques in US Dollars or Pounds Sterling. However, this comes at an extra cost and it must be noted that traveler’s cheques are accepted in large cities mostly.

Since most financial transactions are carried out in banks, it is vital to note that banks open between 8am to 9am from Monday to Saturday closing between 4:15pm and 5:15pm on weekdays. On Saturdays, banks close between 10:45am and noon.

As of April 2010, the rates for the US dollar, Pound sterling and Euro were as follows:

1.00 GBP = 10.37 BWP
1.00 USD = 6.72 BWP
1.00 EUR = 9.13 BWP