Since the Emalangeni was introduced on 6th September 1974, the Central Bank of Swaziland has been issuing the country with their very own banknotes and coins.
The Central Bank is also responsible for supervising activities of all financial institutions licensed in the country.
The financial markets as it is, is probably one of the few unnatural wonders of the world; even for someone with immense experience in the world of financial markets
The Bank facilitates the development and operation of efficient national payment systems. It therefore oversees the safety and soundness of the systems.
The Central Bank has been empowered by the Ministry of Finance to appoint Authorised Dealers in foreign exchange and set up the limits within which the dealers may operate.
On 22nd March 1974, King Sobhuza II established The Monetary Authority of Swaziland, through The Monetary Authority of Swaziland Order of 1974. On 1st April 1974, the Bank officially began its operations.
The Bank is responsible for formulating and implementing a sound monetary policy to achieve financial stability. It is the duty of the Central Bank to achieve and maintain price stability.
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Published on: 26th May, 2014
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Speech Date: 6th March, 2014
Budget Speech 2014
Speech Date: 8th February, 2014
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Posted On: 12th May, 2014