Thursday, June 28, 2007

Botswana exchange rate 'broadly appropriate' - IMF

(Reuters) - The International Monetary Fund said on Thursday Botswana's exchange rate was "broadly appropriate" amid a strong current account, high reserves and growing exports outside diamonds.

Inflation in Botswana, one of southern Africa's most stable countries and a large diamond producer, has crept up following a 2005 currency devaluation and adoption of a crawling peg.


Read more at Reuters Africa

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