Central Bank of Eswatini

Central Bank of Eswatini radmin

Governor 

Dr. Phil Mnisi

Headquarters Mabane, Swaziland
Established 1974
Currency Lilangeni - SZL (ISO Code )
Website www.centralbank.org.sz

The Central Bank of Swaziland was established in 1974 under the following conditions:

There is no specific law guaranteeing independance. Functionally, the bank falls under the Ministry of Finance, but has its own structure which is independent of government, as well as a minority government representation (by Principal Secretary, Ministry of Finance) in the Bank’s Board of Directors. Also, in its execution of duties the bank operates independently as a parastatal organisation, Clause 3(2) of the Monetary Authority Order gives the bank Statutory powers; recommendation and clearance of the Finance Minister on such policies as exchange rate and staff salaries is however sought before implementation.
For quite some time now, Swaziland has maintained the same mix of banks in the Kingdom. What has changed over the years is ownership and hence the trade name. At the end of March 2004, there were three commercial banks, one development bank and one building society in the country.

Mission Statement

The Bank seeks to contribute to Swaziland’s national economic development through promotion of monetary stability and by fostering an environment which ensures a stable and a sound financial system.

The main functions of the bank include:

Sub-region
Governor's photo
Dr. Phil Mnisi
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Governor's Name
Dr. Phil Mnisi
Headquarters
Mabane, Swaziland
Currency
Lilangeni - SZL
banks_subregion_taxo

The lilangeni

The lilangeni radmin

Data : not available