Swazi Langeni in IMF Special Drawing Rights

SZL Swazi Langeni

Country of application:
Eswatini

Coin denominations in circulation:
5, 10, 20 and 50 cents, 1 lilangeni, 2 and 5 enalangeni.

Denominations of banknotes in circulation:
10, 20, 50, 100 and 200 enamel.

History reference:
Lilangeni is the national currency and fiat (fiduciary) money of the Kingdom of Eswatini (the Kingdom of Eswatini) - former Swaziland. The official currency was introduced in 1974. Pegged to the Sout...h African rand at a ratio of 1 to 1. In 1986, after a significant depreciation of the rand, countries replaced the rand currency area with the Common Monetary Area (CMA) to manage monetary policy. The CMA and the Southern African Customs Union are working together to help member countries. The terms of the new agreement gave Swaziland (now Eswatini) additional flexibility in its monetary policy.

XDR IMF Special Drawing Rights

Country of application:
International Monetary Fund

Coin denominations in circulation:
-

Denominations of banknotes in circulation:
-

History reference:
The International Monetary Fund is the leading organization for international cooperation in the monetary and financial sphere. The international monetary background provides short- and medium-term l...oans with a deficit in the balance of payments of the state. The granting of loans is usually accompanied by a set of conditions and recommendations.