Bank of Botswana has released the dates of when it intends to removeold coins from circulation following the issuance of new unpopularones early in the year.
Head of Communications at the Central Bank,Andrew Sesinyi reminded the public in a statement that following thelaunch and issuing of the new family of coin in February 2014, the oldcoin will be demonetised with effect fromAugust 28, 2014.
“Thereafter, the old coin will be exchanged only at the Bank ofBotswana in Gaborone and Francistown for a period of five (5) yearsuntilAugust 28, 2019. The public is requested to exchange old coin atthe nearest commercial bank before the deadline ofAugust 28, 2014.”