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LOCAL CURRENCY IN SWAZILAND

Want to know the local currency in Swaziland? The money used in Swaziland is called Lilangeni.

The Swazi Lilangeni is issued and managed by the Central Bank of Swaziland. To find out the current currency exchange rates for Lilangeni to other major currencies of the world, click on foreign currency rates.

Swazi Currency Information
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The currency used in Swaziland is called as the Lilangeni. This currency is denoted with the currency sign L or E (pl.) and the ISO 4217 Code for the Swazi Lilangeni is SZL. The Lilangeni, is the official currency of the Swaziland . It is divided into 100 smaller units called cent.

The constitution of Swaziland provides that the Swaziland government shall have the power to print the Swazi Lilangeni and cent coins to be used as a legal tender in Swaziland. The Swazi Lilangeni bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Swazi Lilangeni bill uses the decimal system, consisting of 100 equal units.

The symbol L or E (pl.), usually written before the numerical amount, is used for the Swazi Lilangeni.

Currently printed bank notes denominations are E10, E20, E50, E100, E200 and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 cents, L1, E2, E5 .

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How Does Balance of Trade and Investment Affect the Value of the Swazi Lilangeni
Financial analysts regularly cite the balance of trade and investment in Swaziland as the most important influence on the value of the Lilangeni. The difference between what the Swaziland exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Lilangeni exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Lilangeni exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Swazi Lilangeni.
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