Convert 16 Indian Rupee (INR) to Botswanan Pula (BWP)
Exchange rates used for currency conversion updated on December 03rd 2024 ( 12/03/2024 )
Below you will find the latest exchange rates for exchanging Indian Rupee (INR) to Botswanan Pula (BWP) , a table containing most common conversions and a chart with the pair's evolution.
The Indian Rupee (INR) to Botswanan Pula (BWP) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Indian Rupee and Botswanan Pula on 12/03/2024 is 1 INR = 0.1619 BWP - AVERAGE intraday quotes were used for this currency conversion.
Under the monetary policy of the Reserve Bank of India (RBI) the INR, Indian rupee, having once been held back by a centrally planned economy it is increasing its presence in world currency markets as the central planning and controls are released and the Indian economy is released, embracing the free markets. The INR is a floats against a basket of goods and other currencies and it is increasing in worldwide importance as the underlying economy grows and the RBI continues to focus on price stability and the general well being of the country.
About Botswanan Pula (BWP)
The Botswana pula (BWP) was first circulated in 1976, is the official currency of Botswana and an unofficial backup currency to Zimbabwe. Zimbabwe abandoned their own currency in September 2008 officially for the South African rand, but unofficially accepting the BWP. Each pula is subdivided into 100 thebe.
The BWP is controlled by the central bank of Botswana known as the Bank of Botswana who issues coins in denominations of 5, 10, 25, and 50 thebe and 1, 2, 5 pula as well as banknotes in 10, 20, 50, 100 and 200 pula denominations.
Interestingly the word pula is translated as "rain" or "blessing", which in a desert country such as Botswana is oftentimes looked upon as the same. Thebe can be translated to mean "shield".
