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The pula (also known as the Botswana dollar) is the currency of Botswana.It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana—home to much of the Kalahari Desert—and therefore valuable and a blessing.
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
Three electronic versions of BWP have been produced. The first, produced by OUP, suffered from a number of technical problems. [6] The second, known as "BWPi", was produced by BirdGuides Ltd. This included the full text of the nine volumes, the Concise Edition, all updates from BWP Update, new video and audio, and recent taxonomical changes. [7]
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The first book to achieve a sale price of greater than $1 million was a copy of the Gutenberg Bible which sold for $2.4 million in 1978. The most copies of a single book sold for a price over $1 million is John James Audubon's The Birds of America (1827–1838), which is represented by eight different copies in this list.
The trade-weighted US dollar index, also known as the broad index, is a measure of the value of the United States dollar relative to other world currencies. It is a trade weighted index that improves on the older U.S. Dollar Index by incorporating more currencies and yearly rebalancing. The base index value is 100 in January 1997. [1]
The economy of Botswana is currently one of the world's fastest growing economies, [19] averaging about 5% per annum over the past decade. [19] Growth in private sector employment averaged about 10% per annum during the first 30 years of the country's independence.