Multilateral Monetary Agreement 1992

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.