Botswana set for another budget surplus driven by diamonds, devaluation (Sunday Standard)

Botswana is set for an artificial budget surplus triggered by diamond production and the crawling peg between the pula and the US dollar, a research has shown.

According to Standard Bank of South Africa—trading as Stanbic in Botswana – the main drivers of the boom in this year will be the commodity prices which are at a record high and Botswana’s pulas accelerated loss of strength against the dollar- a currency in which diamond produced from Botswana is sold through. Full story..