Fiscal indiscipline eroding Swaziland's reserves

A recent report suggests that fiscal indiscipline by the government has eroded Swaziland's foreign reserves in the past years.

A recent report by the Central Bank of Swaziland's Research department on the possibilities of adopting a dual exchange rate system says that owing to the current low level of external debt exposure and ability to trade freely in the international currency markets, the country's foreign reserves tend not to be strictly matched according to liabilities.

"It has always

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