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20 Emalangeni
| Issuer | Central Bank of Swaziland |
|---|---|
| Year | 1995-1998 |
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| Composition | Log in to see details |
| Size | 150 × 69 mm |
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| Obverse description | Portrait vignette of King Mswati III in traditional attire occupies the left portion of the note, set against a light guilloche underprint with the Swaziland national coat of arms — a lion and elephant flanking a central shield with the motto 'SIYINQABA' — rendered in the centre-lower field. The issuer inscription 'CENTRAL BANK OF SWAZILAND' appears in bold letterpress at the top, with the Siswati denomination legend 'LANGEMASHUMI LAMABILI EMALANGENI' in the central panel, accompanied by two facsimile signatures identified as Minister for Finance and Governor respectively. |
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| Protection type | Watermark, Security thread |
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| Comments |
Three signature combinations across this series reflect genuine administrative turnover at the Central Bank during the mid-1990s — von Wissell to Masuku in the governor's seat, Nxumalo to Dlamini on the other side. Oberthur's Rennes facility was the dominant printer for Swazi issues through this period, a relationship that predated the 1995 series and continued well beyond it.
The lilangeni was introduced in 1974 to replace the rand at par, but Swaziland maintained the one-to-one peg with South Africa's currency through the Common Monetary Area agreement — meaning this note circulated in a system where the rand was equally legal tender, which persistently constrained demand for domestic paper.