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Switch Auction Announcement - December 2025

27 Nov 2025

The Bank of Botswana will hold a Switch auction of Government Notes under the BWP55 Billion Note Programme on 5 December 2025. The notice is attached below:

Switch Auction Announcement December 2025.pdf

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  • About Us
    • Welcome
      • What's New on the Website
      • Making the Most of the Website
    • History
    • Milestones
    • Vision, Mission and Objectives
    • Organisation
      • Board of Directors
      • Senior Leadership Forum
    • Departments and Divisions
      • Departments
        • Banking, Currency and Settlement
        • Business Conduct and Regulatory Compliance
        • Corporate Management Services
        • Finance
        • Financial Markets
        • Human Capital
        • Information and Communications Technology
        • Internal Audit Services
        • Protective Services
        • Prudential Authority and Payments Oversight
        • Research and Financial Stability
        • Statistics, Data Management and Analytics
        • Strategic Planning and Risk Management
      • Divisions
        • Property Management, Procurement and Projects Division
    • Legislation and Bye Laws
    • Financial Operations
    • Working at the Bank
      • Conditions of Service
      • Training Opportunities
      • Health and Welfare
      • Careers
      • Staff Organisations
        • Central Bank Union
        • Sporting Club
        • Bank of Botswana Savings and Credit Cooperative Society Limited
    • Procurement
      • Current Tenders
    • External Relations
      • Botswana Government
      • Regional and International
    • Corporate Social Responsibility
  • Core Functions
    • Economic Policy
      • Monetary Policy
        • Basics of Monetary Policy
        • Policy Framework
        • Forecasting Framework
        • Monetary Policy Committee
        • Implementation of Monetary Policy
      • Exchange Rate Policy
        • History of Exchange Rate Policy in Botswana
        • Current Framework
        • Basics of Exchange Rate Policy
        • Exchange Rate - Chronology
    • Financial Stability
      • Macro-Prudential Policy Framework
        • Legal Mandate and Responsibilities
        • Financial Stability Board (FSB)
          • FSB Events
        • Recovery and Resolution Planning
        • Technical Committees
      • Systemic Risk Assesment
        • Indicators
        • Stress Testing
      • Global and Regional Developments on Financial Stability
        • Financial Stability Board
          • FSB Events
        • Regional Consultative Group For Sub Saharan Africa (RCG-SSA)
        • Bank For International Settlements (Committee on the Global Financial System)
        • International Monetary Fund (Global FSR; World Economic Outlook; FSIs)
        • The World Bank (Global Financial Development Report)
        • European Central Bank (Financial Stability Review)
    • Regulation and Supervision
      • Regulations
        • Legislation
        • Policies and Guidelines
        • Circulars and Directives
      • Licensing Requirements
        • Banks
        • Bureau de Change
        • Credit Bureau
        • Other Financial Institutions
      • Financial Institutions
        • Banks
        • Bureau de Change
        • Other Financial Institutions
      • Reporting Requirements
        • Statutory Returns
      • Consumer Protection and AML/CFT
        • Consumer Protection Issues
        • Investigations of Illegal Deposit-Taking Activities
        • Countering Financial Crime
    • Fintech & the National Payments Systems
      • Oversight of the National Payments System
      • Legislation and Regulations
      • Botswana Interbank Settlement System
      • SWIFT
      • Payments System Statistics
    • Currency
      • Legislative Framework
      • Currency Management Strategy
      • History of Botswana Currency
      • Policies
      • Currency Counterfeiting
      • Mutilated Currency
      • Notes and Coins
        • P200
        • P100
        • P50
        • P20
        • P10
  • Markets
    • Domestic Markets
      • Money Market Operations
        • Market Statistics - Money Market Operations
      • Government Securities
      • Foreign Exchange Markets
        • Market Statistics
      • Government Borrowing Strategy
    • Foreign Reserves
      • Monthly and Annual Financial Statements
      • Reserve Management Guidelines
      • Pula Fund
  • Statistics
    • Statistical Framework
      • Statement of Legal Authority and Governance
      • Revisions Policy
      • Participation in GDDS/SDDS
      • Metadata
      • Survey Guidelines
      • Advance Release Calendar
    • Economic and Financial Data
      • National Summary Data Page (NSDP)
      • Chart Packs
      • Other Data Sources
      • Financial Soundness Indicators
    • Historical Data
      • Prices
        • Consumer Price Index
        • Exchange Rates
        • Interest Rates
      • Monetary and Financial Statistics
        • Banking System
        • Money & Capital Markets
        • Other Financial Institutions
      • Real Sector Statistics
        • National Output
        • Public Finance
        • Wages & Employment
      • External Trade Statistics
  • Publications and Research
    • Bank Publications
      • Annual Report
      • Banking Supervision Annual Report
      • Banknotes Newsletter
      • Botswana Economic and Financial Statistics
      • Business Expectations Surveys
      • External Sector Statistics Bulletin
      • Financial Stability Reports
      • Monetary Policy Reports
      • Monetary Policy Statements
      • Research Bulletins
      • Tsa Tuelano Newsletter
      • Household Indebtedness Surveys
    • Library
    • Other Publications
      • Credit Rating Agencies
      • Botswana Government Publications
      • IMF Publications
  • Media and Public Education
    • Public Education Material
    • Speeches
    • Latest News
    • Press Releases
    • Upcoming Events
  • Government Securities Auctions
  • Issuance Programmes
  • Covid19
  • Deposit Insurance Scheme of Botswana
    • Establishment
    • Mission
    • Vision
    • Mandate and Functions of the DISB
    • Domestic and International Collaboration
    • Publications