Currency abbreviation for the Botswana Pula, the official currency of the Republic of Botswana. Presented with the symbol P, the currency is subdivided into 100 thebe. BWP is pegged to a basket of currencies, running using a crawling band exchange rate, the International Monetary Fund's special drawing rights, and the South African rand as reserve assets. Introduced in 1976, the currency is regulated by the Bank of Botswana.