Botswana Stock Exchange aggregates business and finance information relating to Botswana and the southern African region.
Monday, 30 May 2011
History of the common monetary area
"The common monetary area (CMA) of the rand in southern Africa has its roots in an informal monetary union that made the South African pound the only legal tender in SA, the former Bechuanaland (now Botswana), Lesotho, Namibia and Swaziland after the establishment of the SA Reserve Bank in 1921."
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