Commemorative P50 note in circulation

As of this week, Batswana are carrying a new piece of history in their hands. The Bank of Botswana has officially moved its long-awaited commemorative P50 banknote into general circulation, marking a historic shift from a ceremonial unveiling to a daily reality for shoppers, vendors and savers across the country. Launched in Palapye by the Governor of the Bank of Botswana, Mr Lesego Moseki, the special edition banknote does more than facilitate trade, it tells the story of transformation.

From the deep earth of the Lucara mine to the sun-drenched tracks of the Paris 2024 Olympics, the new note is a pocket-sized monument to Batswana excellence. The front of the new note is anchored in the institutions that built the country. It features the iconic Bank of Botswana building, a symbol of the financial stability the nation has enjoyed since its central bank was established in 1975.

Beside it sits a glimmering tribute to the nation’s mineral wealth, Motswedi, the second-largest diamond ever recovered at the Lucara mine. It serves as a reminder of the resources that fuelled Botswana’s journey from a newly independent state to one of Africa’s most respected and stable economies. While the front honours the cornerstone of the economy, the reverse side belongs to the youth and the future.

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Capturing the nation’s imagination, the bank has immortalised Botswana’s sporting heroes. Dominating the design is Letsile Tebogo, the sprinter who made history as Botswana’s first-ever Olympic gold medallist. He is joined by his 4x400m relay teammates, Bayapo Ndori, Collen Kebinatshipi and Anthony Pesela, whose silver-medal performance in 2024 united the country in celebration.

During the launch, Mr Moseki narrated the bank’s half-century journey. “For five decades, Bank of Botswana has stood as the cornerstone of our nation’s monetary policy and financial stability. Since 1975, we have been dedicated to maintaining price stability to ensure the soundness of our financial system and supporting sustainable economic growth,” he said.

He emphasised that the commemorative note would circulate alongside the existing P50 bills, which would not be withdrawn. “This ensures a smooth transition while the nation celebrates this golden jubilee,” he added. He also noted that the Pula remained a respected currency because of decades of careful management, a legacy he hoped citizens would treat with physical respect as well. Beyond the symbolism, Mr Moseki encouraged the public to handle such history with care.

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