16/03/2021: New 5 Rial Polymer Banknote Introduced
A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.
01/10/2018: Introduction of New Coins
Botswana introduces a new series of coins, featuring updated designs and enhanced durability.
01/08/2014: Currency Redenomination
Botswana redenominates the Pula, dividing it into 1000 Thebe to simplify calculations and reduce the use of smaller denominations.
05/10/2009: Introduction of New Banknotes
Botswana introduces a new series of banknotes, featuring improved security features and updated designs.
23/08/2005: Currency Devaluation
Botswana allows the Pula to float freely against other currencies, resulting in a devaluation of approximately 12%.
15/01/2003: New Omani Rial Banknotes Issued
New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.
12/06/1994: Smaller Denomination Coins Issued
Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.
17/03/1986: 200 Baisa Coin Introduced
A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.
31/12/1980: Currency Board Established
The Bank of Botswana establishes a Currency Board, which manages the issuance and distribution of the Pula.
17/10/1978: Currency Pegged to a Basket
Botswana pegs the Pula to a basket of currencies, including the South African Rand, British Pound, and US Dollar.
14/09/1976: Introduction of the Pula
Botswana replaces the South African Rand with its own currency, the Pula, at a 1:1 exchange rate.
11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced
A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.
02/03/1973: Rial Oman Pegged to US Dollar
The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.
27/07/1970: Rial Oman is Introduced
The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.