Southern Africa could have common central bank

The Common Monetary Area, Southern Africa's 30-year-old monetary union, could have its own central bank within five years, the governor of the Central Bank of Swaziland, Martin Dlamini, told CentralBankNet.

The CMA (originally the Rand Monetary Area) is a monetary union of Lesotho, Namibia, South Africa and Swaziland. The currencies of Namibia, Lesotho and Swaziland are pegged to the South African rand on a one-to-one basis.

"We are looking into the possibility of one central bank," said

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: