iso 4217 (13. 732)

Introduced on this day in 1976 to replace the South Africa rand, which had been used as the legal currency since the republic gained independence from the UK in 1966, the Botswana pula (symbolised by P) is from the Setswana word for rain, a very precious commodity in the Kalahari desert, meaning by extension fortune and blessings. Unpegged from the rand and the US dollar to a floating currency, the pula adopted a fixed exchange rate regime with a basket of funds that reflected its regional trading relationships. The sub-unit, thebe (meaning shield) is represented in various denominations of coinage (also one, two and five pula coins, with the lower value bill demonetised in 2014) and bear the motto ipelegeng, meaning to carry one’s own weight, to be self-sufficient. The ten pula note currently in circulation (according to the central bank) depicts the country’s fifth president, not quite aligned with the up-to-date political situation, Mokgweetsi Eric Keabetswe Masisi, who served in high office from 2018 to 2024 and has been succeeded by His Excellency Duma Gideon Boko, leader of the Motswana opposition party Umbrella for Democratic Change—the former demonym is the singular case with Batswana being the plural, collective form for the people of the “Land of the Tswana.” The pula is also used widely in Zimbabwe following the hyperinflation of its dollar.