Central Bank of Swaziland

Foreign Reserves

The Central Bank of Swaziland is the custodian of the country's foreign exchange reserves, and as such is responsible for managing the foreign reserves portfolio. Reserves are held for the following purposes:

  • To provide a liquidity buffer against shocks to the balance-of-payments.
  • To maintain confidence in the government’s monetary and exchange rate policies.
  • To serve as a store of wealth for the country. The investment objectives are directly related to the reasons for holding reserves. Investments should be sufficiently safe and liquid to be available to meet potential demands on reserves. Within these constraints, investments should be geared towards generating a reasonable return. The investment objectives (in order of priority) are safety, liquidity and return.
  • SAFETY: Preservation of capital is the foremost objective in reserves management.
  • LIQUIDITY: The reserves are maintained to meet the country’s external payments and should be available at short notice with minimum risk of capital loss.
  • RETURN: Subject to the constraints imposed by safety and liquidity considerations, the reserves should earn a reasonable return.

Central Bank of Swaziland
Mahlokohla Street
Mbabane, Swaziland (H100)
Tel: [+268] 2408 2000
Fax: [+268] 2404 0063
Email: info@centralbank.org.sz