|
Swazi Lilangeni
The lilangeni (plural: emalangeni, ISO 4217 code: ''SZL'') is the currency of Eswatini and is subdivided into 100 cents. It is issued by the Central Bank of Eswatini (in swazi ''Umntsholi Wemaswati'') 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 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. In 1974, coins f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, (currency sign, sign: R; ISO 4217, code: ZAR) is the official currency of South Africa. It is subdivided into 100 Cent (currency), cents (sign: "c"), and a comma separates the rand and cents. The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: (the Namibian dollar, dollar, the Lesotho loti, loti and the Swazi lilangeni, lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976 when the Botswana pula, pula replaced the rand at par. The rand is legal tender in Zimbabwe as part of its multiple currency system, which also includes other currencies such as the euro, the pound sterling, the US dollar, and the Zimbabwean ZiG. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, being t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Swaziland
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. 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. 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 * A. D. Ockenden, acting, June 1978 - June 1981 * H. B. B. Oliver, July 1981 - June 1992 * Martin Dlamini, acting, 1992 * James Nxumalo, July 1992 - June 1997 * Martin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Introduced In 1974
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Exchange Rate
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a currency basket, basket of other currencies, or another measure of value, such as gold standard, gold or silver standard, silver. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating exchange rate, floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Africa
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article us ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Swaziland
The economy of Eswatini is fairly diversified. Agriculture, forestry and mining account for about 13 percent of Eswatini's GDP whereas manufacturing (textiles and sugar-related processing) represent 37 percent of GDP. Services – with government services in the lead – constitute the other 50 percent of GDP. Agriculture Title Deed lands, where the bulk of high-value crops are grown (sugar, forestry, and citrus) are characterized by high levels of investment and irrigation, and high productivity. Nevertheless, the majority of the population – about 75 percent—is employed in subsistence agriculture on Swazi Nation Land, which, in contrast, suffers from low productivity and investment. This dual nature of the Swazi economy, with high productivity in textile manufacturing and in the industrialized agricultural title deed lands on the one hand, and declining productivity subsistence agriculture on Swazi Nation Land on the other, may well explain the country's ove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mswati III
Mswati III (born Makhosetive Dlamini; 19 April 1968) is the ''Ngwenyama'' (King) of Eswatini and head of the Swazi royal family. He heads an absolute monarchy, as he has veto power over all branches of government and is constitutionally immune from prosecution. He was born in Manzini in the Protectorate of Swaziland to King Sobhuza II and one of his younger wives, Ntfombi Tfwala. He was crowned as Mswati III, Ingwenyama and King of Swaziland, on 25 April 1986 at the age of 18, becoming the List of youngest state leaders since 1900#Monarchs, youngest ruling monarch in the world at that time. With unrestricted political power and able to rule by decree, Mswati III (together with his mother, Ntfombi of Eswatini, Ntfombi Tfwala, now Queen Mother [''Ndlovukati'']) is the last remaining absolute monarch in Africa and one of the only twelve remaining absolute national or subnational monarchs in the world. Under the constitution, the king is the commander-in-chief of the defence force an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King Sobhuza II
Sobhuza II (; also known as Nkhotfotjeni, Mona; 22 July 1899 – 21 August 1982) was ''Ngwenyama'' (King) of Swaziland (now Eswatini) for 82 years and 254 days, the longest verifiable reign of any monarch in recorded history. Sobhuza was born on 22 July 1899 at Zombodze Royal Residence, the son of Inkhosikati Lomawa Ndwandwe and King Ngwane V. When he was only four months old, his father died suddenly while dancing incwala. Sobhuza was chosen king soon after that and his grandmother Labotsibeni and his uncle Prince Malunge led the Swazi nation until his maturity in 1921. Sobhuza was acknowledged as King by the British in 1967, and Swaziland achieved independence in 1968. Sobhuza continued to reign until his death in 1982. He was succeeded by Mswati III, his young son with Inkhosikati Ntfombi Tfwala, who was crowned in 1986. Early life and education Ingwenyama Sobhuza was born in Zombodze on 22 July 1899. He ascended to the throne after the death of his father, Ngwane ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diamond Jubilee
A diamond jubilee celebrates the 60th anniversary of a significant event related to a person (e.g. accession to the throne or wedding, among others) or the 60th anniversary of an institution's founding. The term is also used for 75th anniversaries, although the human lifespan makes this usage more common for institutions. Western monarchies George III of the United Kingdom died nine months before his diamond jubilee was due in 1820. The Diamond Jubilee of Queen Victoria celebrated her 60-year reign on 22 June 1897. The Diamond Jubilee of Elizabeth II was celebrated across the Commonwealth of Nations throughout 2012. Asian monarchies In East Asia, the diamond jubilee coincides with the traditional 60-year sexagenary cycle, which is held in special importance despite not generally being called a "diamond jubilee." Monarchs such as the Kangxi Emperor, Kangxi and Qianlong Emperor, Qianlong emperors of China and Emperor Hirohito of Japan held celebrations for their 60th yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
10-emalangeni
1 (one, unit, unity) is a number, numeral, and glyph. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In mathematics The number 1 is the first natural number after 0. Each natural number, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
