Botswana pula (BWP)

The Botswana pula, designated by the symbol P and ISO code BWP, is the official currency of Botswana. Introduced in 1976 to replace the South African rand at par, its name translates to 'rain' in Setswana, reflecting a vital regional element. The pula is subdivided into 100 thebe and is pegged to a weighted basket of currencies, including the South African rand and the IMF Special Drawing Rights.