BWP to GBP

BWP - Botswanan Pula (P)
GBP - British Pound (£)
1 BWP1 GBP

Currency conversion rates from BWP to GBP

BWPGBP
1 BWP1 GBP
5 BWP5 GBP
10 BWP10 GBP
20 BWP20 GBP
50 BWP50 GBP
100 BWP100 GBP
250 BWP250 GBP
500 BWP500 GBP
1000 BWP1000 GBP
2000 BWP2000 GBP
5000 BWP5000 GBP
10000 BWP10000 GBP
GBPBWP
1 GBP1 BWP
5 GBP5 BWP
10 GBP10 BWP
20 GBP20 BWP
50 GBP50 BWP
100 GBP100 BWP
250 GBP250 BWP
500 GBP500 BWP
1000 GBP1000 BWP
2000 GBP2000 BWP
5000 GBP5000 BWP
10000 GBP10000 BWP

BWP - Botswanan Pula (BWP)

Botswanan Pula

The official currency of Botswana is the Botswana Pula (BWP). The Pula is divided into 100 thebe. The symbol for the Pula is P. The Pula is rated as one of the strongest currencies in Africa.

The Botswana Pula is the currency in Botswana (BW, BWA). The symbol for BWP can be written P. The Botswana Pula is divided into 100 thebe. The exchange rate for the Botswana Pula was last updated on Today from The International Monetary Fund. The BWP conversion factor has 6 significant digits.

Economy

  • From 1966 to 1999 Botswana had the highest growth rate in the world. The estimated growth rate during that time period was 9%.
  • Botswana has been maintaining budget surpluses and they have a large foreign exchange reserve.
  • The mining industry plays an important part in the economic growth and accounts for 36% of the GDP.
  • Agriculture in the country is low and accounts for only 1% of the total GDP.
  • Top industries are textiles, salt, diamonds, soda ash, nickel, potash, livestock processing, and copper.
  • Export products are soda ash, textiles, meat, copper, diamonds, and nickel.
  • The top export product of Botswana is diamonds.
  • Import products are electrical goods, textiles, paper products, wood, petroleum and fuel products, machinery, and foodstuffs.
  • Unemployment is estimated at 7%.
  • Botswana’s military expenditures are considered high and are criticized by the international market.
  • 70% of the country’s electricity is imported from South Africa.

History

  • In 1976, the Pula was introduced to replace the South African Rand. Banknotes were printed in denominations of 10, 5, 2, and 1 Pula.
  • In 1978, the first 20-pula note was introduced.
  • From 1991 to 1994, the 1-pula banknotes and 2-pula banknotes were replaced by coins.
  • In 2000, the 5-pula banknote was replaced with a coin. The original banknotes were discontinued and are no longer part of the currency.
  • In 2009, the latest Pula notes were introduced and the first 200-pula note was introduced.

More information about BWP - Botswanan Pula (BWP)


GBP - British Pound (£)

The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.

The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling. The symbol for the Pound is £.

Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, STG, the English Pound, British Pound Sterling, BPS, and Sterlings. Pound Sterling is divided into 100 pence. The exchange rate for Pound Sterling was last updated on Today from The International Monetary Fund. The GBP conversion factor has 6 significant digits.

Economy

  • The United Kingdom is rated as the sixth-largest economy in the world.
  • The main industries range from aerospace to financial services.
  • Export products are beverages, tobacco, fuels, manufactured goods, chemicals, and food.
  • Import products are foodstuffs, fuels, machinery, and manufactured goods.
  • Unemployment is estimated at 7.6%.

History

  • It is difficult to estimate when the Pound originated; but sources indicate that the Pound was already in circulation during the Anglo-Saxon period. During the medieval period the Tealby penny was circulated and was the standard unit used until the 20th century.
  • In 1552, silver coinage was introduced made of sterling silver.
  • In 1663, gold coinage was introduced. The silver coinage remained and was used for importing goods; gold was used for exporting goods. This made Britain a gold standard country.
  • The first paper money was issued in 1694, after the Bank of England was established.
  • In 1861, the gold standard was adopted again.
  • In 1914, after the outbreak of World War I, the gold standard was abandoned and treasury notes became legal tender.
  • In 1940, the Pound was pegged to the US Dollar and later became part of the Bretton Woods system.
  • In 1971, the Pound was changed to a free-floating currency.
  • In 1976, the country had a Sterling crisis.
  • In 1988, the UK Treasury instituted a policy whereby movements of the British Pound "shadowed" those of the German Mark.
  • In 1990, the UK became part of the European Exchange rate mechanism, but withdrew in 1992.
  • The UK had the option to adopt the Euro in 1999, but declined.

More information about GBP - British Pound (£)