The first implication of this trend for economic policy is obvious. To counteract the decrease in the number of hours worked, we need measures that raise Germany’s labour force participation. In Germany, reserves for this are most likely to be found among the elderly and people with family commitments.
Once the Honourable Minister of Finance and Development Planning had given the go ahead, in line with the relevant Section of the Bank of Botswana Act (Section 24 (2)), the first step of this exercise involved a renewal of all banknotes in 2009, which resulted in the issuance of the Pula banknotes currently in circulation.