What is an FCNR Deposit? A complete guide for NRIs
This article covers: What is an FCNR Deposit?Which Currencies Are Accepted? What Interest Rates…
The Swazi Lilangeni (SZL) is the official currency of Eswatini (formerly Swaziland), issued by the Central Bank of Eswatini. It was introduced in 1974, replacing the South African Rand, though the rand is still accepted in Eswatini at a 1:1 exchange rate due to Eswatini’s membership in the Common Monetary Area (CMA) along with South Africa, Namibia, and Lesotho. The lilangeni is subdivided into 100 cents, with banknotes ranging from E10 to E200 and coins from 1 cent to E5. Due to its peg to the South African Rand (ZAR), its exchange rate remains stable, but economic ties to South Africa make it susceptible to regional economic fluctuations.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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