Transactions
 Reporting
 System
 (CBFETRS)
 (Reporting
 System)
 that
 seeks
 to
 enhance
 data
collection
on
trade
activity
involving
foreign
currency
to
inform
and
improve
policy
 decisions.


The
 reporting
 system
 will
 ensure
 that
 the
 country
 data
 collection
 practices
 align
 with
 Balance
of
Payments
and
International
Investment
Position
Manual
(BPM6)
standards
 as
 well
 as
 the
 Southern
 African
 Development
 Community
 (SADC)
 reporting
 principles
 and
processes.


All
Authorised
Dealers
(ADs)
/
Commercial
Banks
(First
National
Bank
Eswatini,
Nedbank
 Eswatini
 Limited,
 Standard
 Bank,
 Eswatini
 Bank)
 and
 Authorised
 Dealers
 with
 limited
 Authority
(ADLA)
/
Bureaus
(Interchange
Eswatini,
Mukuru
Financial
Services,
Swaziland
 Building
 Society)
 are
 expected
 to
 comply
 with
 the
 new
 reporting
 system
 standards.
 These
institutions
(sometimes
called
Reporting
Entities)
have
been
part
of
the
process
as
 they
were
also
developing
internal
systems
that
will
integrate
with
the
Central
Bank
of
 Eswatini
 (CBE)
 system.
 The
 system
 that
 was
 under
 development
 since
 May
 2020,
 has
 been
 deployed
 to
 production
 on
 20
 March
 2023.
 It
 will
 be
 under
 a
 monitoring
 and
 stabilisation
period
to
ensure
that
it
operates
optimally
until
30
June
2023.

While
a
well‐planned
sequence
of
events
was
followed
by
the
Central
Bank
together
with
 the
 Reporting
 Entities
 to
 ensure
 continuity
 in
 business
 processes,
 slight
 technical
 difficulties
may
be
experienced.
The
Central
Bank
requests
the
public
to
be
patient
with
 the
Reporting
Entities.
We
are
fully
committed
to
working
together
to
ensure
a
smooth
 transition
and
seamless
experience
for
customers
during
this
period.


Due
 to
 the
 enhanced
 data
 collection,
 the
 public
 may
 be
 required
 to
 submit
 more
 information
 to
 update
 their
 customer
 information
 files.
 The
 Central
 Bank
 urges
 the
 public
 to
 cooperate
 with
 the
 Reporting
 Entities
 in
 that
 regard.
 It
 is
 through
 comprehensive
 understanding
 of
 economic
 activity
 that
 the
 Central
 Bank
 and
 the
 Government
 can
 make
 sound
 policy
 decisions
 to
 the
 benefit
 of
 the
 economy
 and
 the
 populace.


Phil
 Mnisi
(PhD) Governor


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