In this respect, the level of reserves as of the end of January 2012 was approximately 60 billion Pula (or 8 billion USD),  BIS central bankers’ speeches  1  which is equivalent to 18 months of imports, an improvement over last year’s 15 months import cover.
Speaking of sovereign credit ratings, Botswana’s ratings, as awarded by the two main international sovereign credit rating agencies, Moody’s Investors Service and Standard & Poor’s, continue to be of the investment grade “A”, and compare favourably with those of other countries in its league.