Currency Rates for Swaziland Lilangeni
Currency Exchange Rates for Swaziland Lilangeni. Currency Information on SZL for Swaziland – L or E (if plural). The foreign exchange currency code for SZL represents the Swaziland Lilangeni exchange rate.
The lilangeni is used throughout the Common monetary Are, alongside the South African rand, where it is interchangeable at par.
GBP to SZL
Swazi lilangeni or SZL is Swazilands currency and it is subdivided into 100 cents. The currency is issued by the Central Bank of Swaziland. Nonetheless, Swaziland also uses South African rand. SZL was introduced in Swaziland in the year 1974 together with the South African rand. The currencies were introduced through Common Monetary Area and p to date they have remained tied to it and even share a one-to-one exchange rate.
The main coin denominations of SZL introduced in 1974 include 1, 2, 5, 50, 20 and 10 cents as well as 1 lilangeni. The 1 and 2 cents were made of bronze while all the others were made in cupro-nickel apart from the lilangeni. Furthermore, lilangeni did not share the same round shape as other coins. 1 as well as the 50 cents had been dodecagonal while the 2 cents had a square share with rounded corners. The 10, 20 and 5 cents were scalloped. In 1986 nickel-brass 1 lilangeni coins started been used. In the same year, copper-plated steel 1 cent was ntroduced.
Bank notes were introduced in the 1974 by the Monetary Authority of Swaziland. The first notes were in denominations of 1 lilangeni as well as 2, 10 and 5 emalangeni. By the year 1978, Swaziland started using 20 emalangeni notes. Nonetheless, the Monetary Authority of Swaziland decided to take over the paper money production in 1981 which saw the production of notes that commemorated Diamond Jubilee of King Sobhuza II.
In 1982, non-commemorative notes were produced in E2, E5, E10, and E20. By 1995, the E2 and E5 notes had been replaced by coins. In 1996, 200 and 100 emalangeni notes were introduced to commemorate the 30th anniversary of independence. The Central Bank of Swaziland decided to issue 100- and 200-emalangeni in the year 2008 in memory of King Mswati III.More enhanced bank notes were issued by Central Bank of Swaziland in 2010 to heighten security. More of Swazilands currency is not only introduced to heighten security but to also commemorate an event or a king. Nonetheless, today Swazilands currency has enhanced security features to prevent illegal printing of money.
It is the official currency of Swaziland, but the South African rand is also accepted.
Send Money Transfer to Swaziland. Coins are available in denominations of 1, 2, 5, 10, 20 and 50 cents and 1, 2 and 5 emalangeni. Banknotes circulate in denominations of 10, 20, 50, 100 and 200 emalangeni. Bank Exchange Rates for Swaziland Lilangeni. The foreign exchange rates for Swaziland also known as the ISO code SZL. Send money transfer online with us with the cheapest options.