Swazi lilangeni
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| Swazi lilangeni | |||||
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| ISO 4217 Code | SZL | ||||
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| User(s) |  Swaziland |
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| Inflation | 5.5% | ||||
| Source | Central Bank of Swaziland, September 2006 | ||||
| Pegged with | South African rand at par | ||||
| Subunit | |||||
| 1/100 | cent | ||||
| Symbol | L or E (pl.) | ||||
| Plural | emalangeni | ||||
| Coins | 1, 2, 5, 10, 20, 50 cents, L1, E2, E5 | ||||
| Banknotes | E10, E20, E50, E100, E200 | ||||
| Central bank | Central Bank of Swaziland | ||||
| Website | www.centralbank.org.sz | ||||
The lilangeni (plural: emalangeni, ISO 4217 code: SZL) is the currency of Swaziland and is subdivided into 100 cents. The rand is also accepted in Swaziland and it is issued by the Central Bank of Swaziland (in swazi Umntsholi Wemaswati). Perhaps unusually, there are singular and plural abbreviations, namely L and E, so where one might have an amount L1, it would be E2, E3, or E4.
Contents |
[edit] History
It was introduced in 1974 at par with the South African rand through the Common Monetary Area, to which it remains tied at a one-to-one exchange rate.
[edit] Coins
In 1974, coins for 1, 2, 5, 10, 20 and 50 cents and 1 lilangeni were introduced, with the 1 and 2 cents struck in bronze and the others struck in cupro-nickel. Except for the 1 lilangeni, the coins were not round, with the 1 and 50 cents dodecagonal, the 2 cents square with rounded corners and the 5, 10 and 20 cents scalloped.
The 2 cents was last struck in 1982, whilst, in 1986, round, copper-plated steel 1 cent and nickel-brass 1 lilangeni coins were introduced. These were followed, in 1992, by nickel-plated-steel 5 and 10 cents and nickel-brass-plated-steel 1 lilangeni coins. In 1995, 2 and 5 emalangeni coins were introduced.
[edit] Banknotes
In 1974, the Monetary Authority of Swaziland introduced notes in denominations of 1, 2, 5 and 10 emalangeni, with 20 emalangeni notes following in 1978. In 1981, the Central Bank of Swaziland took over paper money production, first issuing notes commemorating the Diamond Jubilee of King Sobhuza II. Between 1892 and 1985, it introduced non-commemorative notes for 2, 5, 10 and 20 emalangeni. 50 emalangeni notes were introduced in 1990. The 2 and 5 emalangeni notes were replaced by coins in 1995, whilst 100 and 200 emalangeni notes were introduced in 1996 and 1998, respectively, with the 200 emalangeni notes commemorating the 30th anniversary of independence.
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[edit] See also
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
[edit] External links
- Don's World Coin Gallery - Swaziland
- Ron Wise's World Paper Money - Swaziland Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Swaziland Mirror site
- The Global History of Currencies - Swaziland
- Global Financial Data currency histories table (
Microsoft Excel format)
| Preceded by: South African rand Ratio: at par |
Currency of Swaziland 1974 – Concurrent with: South African rand (legal tender until 1986, and circulated unofficially thereafter) |
Succeeded by: Current |
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