Central Bank of Eswatini

Central Bank of Eswatini
Umntsholi Wemaswati
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Logo
Central Bank building in Mbabane
Central Bank building in Mbabane
HeadquartersMahlokohla St., Mbabane
Coordinates26°19′33″S 31°08′51″E / 26.32583°S 31.14750°E / -26.32583; 31.14750
Established1 April 1974 (1974-04-01)
Ownership100% state ownership[1]
GovernorPhil Mnisi
Central bank ofEswatini
CurrencySwazi lilangeni
SZL (ISO 4217)
Reserves470 million USD[1]
Websitewww.centralbank.org.sz

The Central Bank of Eswatini (Swazi: Umntsholi Wemaswati), is the central bank of Eswatini. It was established in April 1974 and is based in capital Mbabane. According to the bank's website, the bank's mission is to promote monetary stability and foster a stable and sound financial system.[2] Among the bank's responsibilities are managing Eswatini's foreign exchange position and safeguarding the country's foreign reserves of cash. The bank conducts weekly auctions of 91-day Swazi treasury bills, through "primary dealer" Swazi banks. The current governor is Dr. Phil Mnisi.

The Central Bank is nominally independent, but is in practice overruled by Eswatini's absolute monarchy.[3]

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "Central Bank of Swaziland: Mission". Archived from the original on 2007-03-28. Retrieved 2007-05-03.
  3. ^ "The central bank in a tiny African country tried to block a suspicious banking venture. Then the king's allies intervened. - ICIJ". 2024-04-15.

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