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Published on 2024-04-11 15:16:10
This year is a significant milestone for the Central Bank of Eswatini (CBE) as it celebrates its 50th anniversary since its establishment on March 22, 1974. The Central Bank has taken to its social media platforms to share fascinating insights and historical facts about its journey over the past five decades. Among the revelations shared by the Central Bank is the evolution of its role, particularly the official amendment on July 18, 1979, which transformed the Monetary Authority of Swaziland into the Central Bank of Swaziland, marking a crucial turning point in the institution’s history.
The Central Bank has shared intriguing details about its earliest days, highlighting the modest beginnings of its staff complement. Initially comprising only eight individuals led by the inaugural Governor, Ethan Mayisela, the founding members included individuals like Esther Mazibuko and Fikile Dlamini (now Kunene), who played pivotal roles in the institution’s establishment. Despite its small size, the founding team of the Central Bank demonstrated remarkable efficiency and productivity, with Governor Mayisela’s visionary leadership leading to the establishment of additional divisions within the institution and the recruitment of more staff members as the year 1974 progressed.
Reflecting on the journey of the past five decades, the Central Bank emphasized dedication, innovation, and a commitment to excellence as driving forces behind its success. From its humble beginnings to its current status as a cornerstone of Eswatini’s financial sector, the Central Bank’s unwavering pursuit of its mandate has played a crucial role in supporting economic stability and prosperity for the emaSwati.
The Central Bank also shared lists of Governors since 1974, showcasing the leadership that has guided the institution over the years. From Ethan Mayisela to the current Governor, Dr. Phil Mnisi, each leader has contributed to the growth and development of the Central Bank. Additionally, a list of authorized banks in Eswatini was provided, including Eswatini Bank, Standard Bank Eswatini, First National Bank Swaziland, Nedbank Swaziland, and Swaziland Building Society, highlighting the key players in the country’s financial sector.
As the Central Bank commemorates its 50th anniversary, it looks back on its journey with pride and acknowledges the contributions of all those who have been part of its history. With a strong foundation built on dedication and a commitment to excellence, the Central Bank of Eswatini continues to play a crucial role in the country’s financial landscape, ensuring economic stability and prosperity for its people.
Read the original article on swazidailynews.com
