Swazi lilangeni
The lilangeni is the currency of Eswatini and is subdivided into 100 cents. It is issued by the Central Bank of Eswatini and is authorised by the king and his family. The South African rand is also accepted in Eswatini. Similar to the Lesotho loti, there are singular and plural abbreviations, namely L and E, so where one might have an amount L1, it would be E2, E3, or E4.
History
It was introduced in 1974 at par with the South African rand through the Common Monetary Area, to which it remains tied at a one-to-one exchange rate.The currency's name derives from emaLangeni, a term used to describe the ancestors of the Swazi people who migrated to Swaziland in the 18th–19th centuries.
Coins
The currency's name derives from emaLangeni, a term used to describe the ancestors of the Swazi people who migrated to Swaziland in the 18th–19th centuries.In 1974, coins for 1, 2, 5, 10, 20 and 50 cents and 1 lilangeni were introduced, with the 1 and 2 cents struck in bronze and the others struck in cupro-nickel. Except for the 1 lilangeni, the coins were not round, with the 1 and 50 cents dodecagonal, the 2 cents square with rounded corners and the 5, 10 and 20 cents scalloped.
The 2 cents was last struck in 1982, whilst, in 1986, round, copper-plated steel 1 cent and nickel-brass 1 lilangeni coins were introduced. These were followed, in 1992, by nickel-plated-steel 5 and 10 cents and nickel-brass-plated-steel 1 lilangeni coins. In 1995, 2 and 5 emalangeni coins were introduced.
From 2009 to 2011 new coins were introduced in copper-plated steel, nickel-plated steel and brass-plated steel. These were similar sizes to the existing coins but lighter due to the changed metal composition.
In February 2016, a new series of coins dated 2015 was introduced and all previous coins were recalled and demonetised. The new coins have similar designs to the previous coins, but with slightly different sizes and weights. The 10c-50c are in nickel-plated steel and the L1-E5 are in aluminium-bronze. 1c-5c coins are no longer in use.
The nickel-brass L1 coin dated 1986 and brass coins dated 1995-2009 had the same dimensions and composition as the British £1 coins introduced in 1983, and thus have sometimes been used fraudulently in British vending machines with the value of L1 decreasing from £0.36 in 1986 to £0.05 in 2015, when those L1 coins were demonetised.