Eswatini - 1992 - Finance

Multilateral Monetary Agreement 1992

Ministry of Finance

The Multilateral Monetary Agreement of 1992 formalised Eswatini’s participation in the Common Monetary Area alongside South Africa, Lesotho, and Namibia. It allows the South African rand to circulate freely as legal tender in Eswatini, while the lilangeni remains the national currency. The agreement coordinates monetary and exchange arrangements across member states. It belongs to the monetary policy and regional integration sector, was signed in 1992, and is administered by the Central Bank of Eswatini in partnership with the Ministry of Finance.

Process Flow

Compare Versions Please select two versions

Multilateral Monetary Agreement 1992 Current Version

September 2025

The Multilateral Monetary Agreement of 1992 formalised Eswatini’s participation in the Common Monetary Area alongside South Africa, Lesotho, and Namibia. It allows the South African rand to circulate freely as legal tender in Eswatini, while the lilangeni remains the national currency. The agreement coordinates monetary and exchange arrangements across member states. It belongs to the monetary policy and regional integration sector, was signed in 1992, and is administered by the Central Bank of Eswatini in partnership with the Ministry of Finance.

Request Expert Analysis

Ask one of our policy analysts to take an in-depth look at this policy and provide you with a written summary. An additional cost may apply. Please let us know what questions you are looking to answer.

Thank you for requesting an expert analysis

A member of our team will review your request and reply back to the email address on file.