What is the Central Bank of Swaziland? Central Bank of Swaziland Review, Features

The Central Bank of Swaziland has a stable price and self-regulating financial system to promote economic development.

About the Central Bank of Swaziland

Central Bank of Swaziland (CBS) The Monetary Authority of Swaziland was established on 22 March 1974 by King Sobhuza II through the Monetary Authority of Swaziland Order 1974. The Bank officially commenced operations on 1 April 1974. We pursue our mission with innovation, excellence, speed and agility to deliver value to stakeholders in our ecosystem.

Central Bank of Swaziland's services

1. Currency regulation

The Bank is responsible for formulating and implementing sound monetary policy to achieve financial stability. The central bank has the responsibility to achieve and maintain price stability. This is in line with the government's goal of achieving sustainable growth. In terms of the monetary policy implementation framework, the central bank uses tools such as discount rate, reserve and liquidity requirements, open market operations and moral suasion.

2. Research and Statistics

The World Bank conducts research on monetary, financial and economic matters and uses this information for policy making. Together with governments, the Bank is responsible for formulating and monitoring economic policies aimed at promoting economic growth and development.

3. Financial supervision

The Financial Regulatory Department (FRD) of the Kingdom is responsible for the regulation and supervision of banks and other financial institutions in the Kingdom.

4. Financial Markets

The Central Bank of Swaziland, through its Financial Markets Division, engages in a variety of operations covering the money market, bond market and foreign exchange market.