Foreign reserves hit 23-month high
Botswana's foreign exchange reserves have reached a 23-month high, rising to P63.2 billion. The central bank attributes this to increased transaction balances and efforts to manage liquidity amid diamond market volatility.
Why it matters
Signals a potential stabilization in the national economy, which has been struggling with diamond export downturns.
While the higher reserves could possibly be linked to hard currency loans taken on by government, published details provided by the Finance Ministry suggests the amounts were supplied in months prior to July 2026.Bank of Botswana figures released this week indicate that at P63.2 billion, the reserves are seven percent higher than in June and 32% above July 2025.
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