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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. [ 2 ]
The FirstRand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank , the national banking regulator. [ 8 ]
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. [8] 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 ...
Eswatini (/ ˌ ɛ s w ɑː ˈ t iː n i / ⓘ ESS-wah-TEE-nee; Swazi: eSwatini [ɛswáˈtʼiːni]), formally the Kingdom of Eswatini and also known by its former official name Swaziland (/ ˈ s w ɑː z i l æ n d / ⓘ SWAH-zee-land) and formerly the Kingdom of Swaziland, [11] [12] is a landlocked country in Southern Africa.
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The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
The central bank of Eswatini is located in Mbabane, so are the headquarters of Standard Bank, Nedbank, Swazi Bank, First National Bank and Eswatini Building Society. The other financial services companies located in Mbabane include: African Alliance, Select Management Services, Eswatini Revenue Authority, among many others.