Central Bank of Eswatini explained

Bank Name:	Central Bank of Eswatini
Bank Name In Local:	Umntsholi Wemaswati
Image 1:	Central Bank of Eswatini-Logo.png
Image Title 1:	Logo
Image 2:	File:Central bank swazi.jpg
Image Title 2:	Central Bank building in Mbabane
Headquarters:	Mahlokohla St., Mbabane
Coordinates:	-26.3258°N 31.1475°W
Ownership:	100% state ownership^[1]
President:	Phil Mnisi
Leader Title:	Governor
Bank Of:	Eswatini
Currency:	Swazi lilangeni
Currency Iso:	SZL
Reserves:	470 million USD

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]

Governors

The governor of the bank is appointed by the King of Eswatini for a term of five years.

• Ethan Mayisela, April 1974 - June 1978^[4]
• A. D. Ockenden, acting, June 1978 - June 1981^[5]
• H. B. B. Oliver, July 1981 - June 1992^[6]
• Martin Dlamini, acting, 1992
• James Nxumalo, July 1992 - June 1997
• Martin Dlamini, July 1997 - November 2013^[7]
• Majozi Sithole, November 2013 - July 2022^{[8] [9]}
• Dr. Phil Mnisi, 2022 - present^[10]

List of authorized banks of Eswatini

• Eswatini Bank
• Standard Bank Eswatini
• First National Bank Swaziland
• Nedbank Swaziland
• Swaziland Building Society

See also

• Swazi lilangeni
• Economy of Eswatini
• List of finance ministers of Eswatini
• List of central banks of Africa
• List of central banks

References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Web site: Central Bank of Swaziland: Mission . 2007-05-03 . https://web.archive.org/web/20070328222029/http://www.centralbank.org.sz/mission.php . 2007-03-28 . dead .
3. Web site: 2024-04-15 . The central bank in a tiny African country tried to block a suspicious banking venture. Then the king’s allies intervened. - ICIJ . en-US.
4. Book: Central Banking Directory. 1993. Central Banking Publications. 978-0-9517903-1-1. en.
5. Book: Standard Catalog of World Paper Money . 2011 . 978-1-4402-1584-1. Cuhaj . George S. .
6. Book: Central Banking Directory. 1993. Central Banking Publications. 978-0-9517903-1-1. en.
7. Web site: Times Of Swaziland . www.times.co.sz.
8. Web site: Times Of Swaziland. 2020-10-07. www.times.co.sz.
9. Web site: The 6th Governor of The Central Bank Of Eswatini bows out gracefully . Central Bank of Eswatini . 20 July 2022.
10. Web site: PHIL MNISI IS NEW CENTRAL BANK GOVERNOR . Africa-Press. 11 June 2022.