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| Country Guide > Africa > Botswana |
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Money Currency Pula (P) = 100 thebe. Notes are in denominations of P100, 50, 20 and 10. Coins are in denominations of P5, 2 and 1, and 50, 25, 10 and 5 thebe. Various gold and silver coins were issued to mark the country’s 10th anniversary of independence, and are still legal tender. Currency exchange Money should be exchanged in banks at market rates. There are five commercial banks in the country (Bank of Baroda, Barclays Bank of Botswana, First National Bank, Stanbic Bank Botswana and Standard Charted Bank) with branches in major towns and villages. Owing to limited facilities in small villages, it is advisable to change money at the airport or in major towns, where credit card cash advances may also be available. There are also Exchange Bureaus at major border posts. Credit & debit cards American Express, Diners Club, MasterCard and Visa are widely accepted. However, the majority of tourist facilities accept credit cards. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling. Most hotels accept travellers cheques, but the surcharge may be high. Currency restrictions There are no restrictions on the import of local or foreign currencies, provided declared on arrival. Export of local currency is limited to P50 and foreign currencies up to amount declared on arrival. Exchange rate indicators The following figures are included as a guide to the movements of the Pula against Sterling and the US Dollar:
Banking hours Mon-Fri 0900-1530; Sat 0815-1045. Most banks work these core hours with occasional regional differences. |