Swazi lilangeni

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Swazi lilangeni
Coins-of-swaziland.JPG
Swazi coins
ISO 4217 code SZL
Central bank Central Bank of Swaziland
 Website www.centralbank.org.sz
User(s)  Swaziland (alongside South African rand)
Inflation 4.9%
 Source Central Bank of Swaziland, March 2010
Pegged with South African rand at par
Subunit
 1/100 cent
Symbol L or E (pl.)
Plural emalangeni
Coins 1, 2, 5, 10, 20, 50 cents, L1, E2, E5
Banknotes E10, E20, E50, E100, E200

The lilangeni (plural: emalangeni, ISO 4217 code: SZL) is the currency of Swaziland and is subdivided into 100 cents. It is issued by the Central Bank of Swaziland (in swazi Umntsholi Wemaswati). The South African rand is also accepted in Swaziland. 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[edit]

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.

Coins[edit]

In 1974, coins for 1, 2, 5, 10, 20 and 50 cents and 1 lilangeni were introduced, with the 1 and 2 cents struck in bronze and the others struck in cupro-nickel. Except for the 1 lilangeni, the coins were not round, with the 1 and 50 cents dodecagonal, the 2 cents square with rounded corners and the 5, 10 and 20 cents scalloped.

The 2 cents was last struck in 1982, whilst, in 1986, round, copper-plated steel 1 cent and nickel-brass 1 lilangeni coins were introduced. These were followed, in 1992, by nickel-plated-steel 5 and 10 cents and nickel-brass-plated-steel 1 lilangeni coins. In 1995, 2 and 5 emalangeni coins were introduced.

The nickel-brass L1 coins have exactly the same dimensions and composition as the British £1 coins introduced three years earlier. As 1 lilangeni is worth about £0.09 (2010), the Swazi coins are sometimes used fraudulently in British vending machines.[1]

Banknotes[edit]

E10 banknote

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.[2] 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.[3]On November 1, 2010, the Central Bank of Swaziland has issued a new series of banknotes with enhanced security features.[4][5]

Banknotes of the Swazi lilangeni (06.09.10 issue)
Image Value Obverse Reverse Watermark
[1] 10 emalangeni King Mswati III Princesses at the Ncwala (kingship ceremony) King Mswati III and electrotype 10
[2] 20 emalangeni King Mswati III Flower, corn, and pineapple; steer; refinery King Mswati III and electrotype 20
[3] 50 emalangeni King Mswati III Central Bank of Swaziland building King Mswati III and electrotype 50
[4] 100 emalangeni King Mswati III Elephant, rhinoceros, lion, flowers, and bird King Mswati III and electrotype 100
[5] 200 emalangeni King Mswati III Swazi starw huts; goats; warrior; rock formation King Mswati III and electrotype 200
Current SZL exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See also[edit]

References[edit]

  1. ^ Your counterfeit £1 coin questions answered The Guardian. Retrieved 2012-04-06.
  2. ^ Linzmayer, Owen (2012). "Swaziland". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 
  3. ^ Swaziland issues new 100- and 200-emalangeni notes BanknoteNews.com Retrieved 2012-03-31.
  4. ^ Swaziland new 100- and 200-emalangeni confirmed BanknoteNews.com Retrieved 2012-03-31.
  5. ^ Swaziland new 10-, 20-, and 50-emalangeni notes confirmed BanknoteNews.com. Retrieved 2012-03-31.

External links[edit]

Preceded by:
South African rand
Ratio: at par
Currency of Swaziland
1974 –
Concurrent with: South African rand (legal tender until 1986, and circulated unofficially thereafter)
Succeeded by:
Current