Timeline

• 06.10.1885
• British proclamation [No. 02] of the laws of the Cape Colony to Bechuanaland (also making the British Pound sole currency); effective immediately
• 05.03.1895
• British proclamation [Bank Notes, Legal Tender Procedure and Fees, No. 05] of the Cape Colony Bank Act (of 23.10.1891); effective immediately
• 23.01.1911
• Ordinance [Bechuanaland Protectorate (Coinage) Order] on legal tender status of the coins of the United Kingdom and Transvaal; effective 13.02.1912 by Proclamation [No. 05]
• 28.06.1920
• Ordinance [Bechuanaland Protectorate (Coinage) Order] on legal tender status; effective immediately:
  - United Kingdom and Union of South Africa coins
  - South African Reserve Bank paper money
• 17.12.1931
• Ordinance [Bechuanaland Protectorate (Coinage) Order, No. 1091] on legal tender status; effective 15.01.1933 by Proclamation [No. 54] of 18.11.1932:
  - United Kingdom and Union of South Africa coins
  - South African Reserve Bank paper money
• ??.??.1960
• Ordinance [Bechuanaland Protectorate Proclamation, No. 73] on legal tender status of the South African Rand [South Africa's Decimal Coinage Act, No. 61, of 29.06.1959]; effective 14.02.1961
• 07.09.1966
• Law [Currency (Commemorative Coinage), No. 27] on the issuance of commemorative coins denominated in "Thebe" (equal to the South African Rand); effective immediately
• 05.12.1974
• Agreement [Rand Monetary Area Agreement] between South Africa, Botswana, Lesotho, Swaziland to establish a common currency area; Botswana withdrew on 30.11.1976

Timeline

• 22.04.1975
• Law [Bank of Botswana Act, No. 7] on the establishment of the central bank and creation of the national currency; effective upon constitution of the bank on 01.07.1975
• 23.08.1976
• Start of currency exchange:
  - 23.08.1976: Start of issuance of the new banknotes and coins
  - 30.11.1976: Demonetization of South African currency.

Valuation Regimes

• 1976
• Fixed rate against South African Rand
• 1976-1980
• Fixed rate against US Dollar
• 1980-
• Variable rate