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Home  »  Central Banks Worldwide  »  Central Bank of Swaziland

Central Bank of Swaziland

 

Central Bank of Swaziland Logo

The Central Bank of Swaziland, or Umntsholi Wemaswati, is the central bank of Swaziland. It was established in 1974 and is based in Mbabane. The bank's mission is to promote monetary stability and foster a stable and sound financial system. Among the bank's responsibilities are managing Swaziland's foreign exchange position and safeguarding the country's foreign reserves of cash.

 
 

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.

The Bank conducts research on monetary, financial and economic matters and uses this information in policy formulation. The Bank, together with government, is responsible for formulating and monitoring economic policies that are aimed at promoting economic growth, development, and ultimately improving the standard of living of the people of Swaziland.

The main functions of the Bank include:-

    to formulate and implement sound monetary policy to achieve financial stability;
    to regulate and supervise the financial sector to the end of achieving a sound and efficient financial system;
    to issue and redeem currency (notes & coins), which is legal tender in Swaziland;
    to hold and manage foreign exchange reserves of the country;
    to act as a banker, adviser and agent to the Swaziland Government on monetary and financial matters;
    to facilitate the development and operation of an efficient national payment system;
    to act as lender of last resort to financial institutions and facilitate the development of domestic financial markets;
    to conduct research on monetary, financial and economic matters to support monetary policy formulation; and
    to strengthen stakeholder relationships.

In achieving the objectives above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.

Central Bank of Swaziland HQ Location Map

Central Bank of Swaziland
HQ Address: Umntsholi Building
Mahlokohla Street
Mbabane
Swaziland
Tel: +268 408 2000
Fax: +268 404 0063
Website: www.centralbank.org.sz
Swift Code: SWAZSZMB
Currency: Lilangeni
Banking Hours: Mon - Fri : 8.30am - 3.30pm
 

 

The Central Bank of Swaziland has to ensures, through the application of modern management practices and technology, that all its activities are conducted effectively and efficiently.
 

List of banks governed by the Central Bank of Swaziland
» Swazi Bank » First National Bank » Standard Bank
» Nedbank » Swaziland Building Society

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