MarketSwazi lilangeni
Company Profile

Swazi lilangeni

The lilangeni is the currency of Eswatini and is subdivided into 100 cents. It is issued by the Central Bank of Eswatini and is authorised by the king and his family. The South African rand is also accepted in Eswatini. Similar to the Lesotho loti, 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.

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. The currency's name derives from emaLangeni, a term used to describe the ancestors of the Swazi people who migrated to Swaziland in the 18th–19th centuries. ==Coins==
Coins
The currency's name derives from emaLangeni ("people from the Sun"), a term used to describe the ancestors of the Swazi people who migrated to Swaziland in the 18th–19th centuries. ==Banknotes==
Banknotes
On 6 September 1974, the Monetary Authority of Swaziland introduced notes in denominations of 1 lilangeni, 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 1982 and 1985, it introduced non-commemorative notes for E2, E5, E10, and E20. The 50 emalangeni notes were introduced in 1990. The E2 and E5 notes were replaced by coins in 1995, whilst 100 and 200 emalangeni notes were introduced in 1996 and 1998, respectively, with the E200 notes commemorating the 30th anniversary of independence. On September 5, 2008, the Central Bank of Swaziland issued 100-, and 200-emalangeni notes to commemorate the 40th birthday of King Mswati III and the 40th anniversary of independence. On November 1, 2010, the Central Bank of Swaziland has issued a new series of banknotes with enhanced security features. ==See also==
tickerdossier.comtickerdossier.substack.com