Central Banking

Swaziland to introduce RTGS system

The Central Bank of Swaziland announced Wednesday 16 May that it will soon be introducing a Real Time Gross Settlement (RTGS) system at the beginning of June 2007.

"It is worth noting that the implementation of the RTGS system is a challenging exercise that embraces many departments in all participating banks, including the Central Bank," noted central bank governor Martin Dlamini in his annual policy statement.

Dlamini said the system was implemented courtesy of a vendor who was approved by th

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