BOTSWANA BANKING SERVICES
Botswana’s currency is called Pula and is the Tswana word for “rain”. Rain is considered a blessing in Botswana which is mostly an arid desert. Each Pula is equal to a hundred thebe and denominations of notes are in 10, 20, 50 and 100; coins are in 1, 2 and 5 Pula and 5, 10, 25 and 50 thebe.
Most banks are open from 8 or 9 in the morning and close at around 16:15 to 17:15 during weekdays and 10:45 to 12:00 on Saturdays. Some major banks are the Bank of Baroda, Barclay’s Bank of Botswana and Standard Chartered Bank. Currency exchange can be done in banks and money changers especially at international airports and authorized hotels. Also, credit cards (Mastercard and Visa) and debit cards are accepted by some merchants in tourist spots and major towns such as Gaborone and Maun. Withdrawing money from ATMs is usually safe but there is some risk in very crowded areas. Use of traveler’s checks is not generally accepted.