Mbabane: The Central Bank of Eswatini (CBE) has announced that it will be releasing a new E50 bank note into circulation.
This was disclosed by the Central Bank of Eswatini Governor Majozi Sithole in the Annual Monetary Policy Address 2020 held at the Royal Villas.
Speaking during the address Sithole said, the central bank will be releasing into circulation a new E50 bank note during the course of the financial year 2020 -2021.
According to the central bank governor the bank note has incorporated the country’s name change and as consequence that of the central bank.
More over the note will also have an upgraded version of the portrait of His Majesty King Mswati III, which is similar to the one on the current E100 already in circulation.
In line with the bank’s strategy, Sithole said the role out is planned for the financial year 2020-2021
In 2018, the Central Bank issued the new series of E100 and E200 banknotes this happened after the Royal Decree of 19 April 2018 by which King Mswati III changed the country’s name from Swaziland to eSwatini, The Central Bank has printed new banknotes of E100 and E200 emalangeni which are similar to the 2017 notes, except for the Central Bank’s change of name.