ERN to SZL

ERN - Eritrean Nakfa (Nfk)
SZL - Swazi Lilangeni (E)
1 ERN1 SZL

Currency conversion rates from ERN to SZL

ERNSZL
1 ERN1 SZL
5 ERN5 SZL
10 ERN10 SZL
20 ERN20 SZL
50 ERN50 SZL
100 ERN100 SZL
250 ERN250 SZL
500 ERN500 SZL
1000 ERN1000 SZL
2000 ERN2000 SZL
5000 ERN5000 SZL
10000 ERN10000 SZL
SZLERN
1 SZL1 ERN
5 SZL5 ERN
10 SZL10 ERN
20 SZL20 ERN
50 SZL50 ERN
100 SZL100 ERN
250 SZL250 ERN
500 SZL500 ERN
1000 SZL1000 ERN
2000 SZL2000 ERN
5000 SZL5000 ERN
10000 SZL10000 ERN

ERN - Eritrean Nakfa (ERN)

Eritrean Nakfa

The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

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SZL - Swazi Lilangeni (SZL)

Swazi Lilangeni

The Swaziland Lilangeni is the official currency of Swaziland and is subdivided into 100 cents. The Lilageni is produced by the Central Bank of Swaziland. In 1974, coins of 1, 2, 5, 10, 20 and 50 cents and 1 Lilangeni were issued; the 1 and 2 cent coins were struck in bronze and the others in cupro-nickel.

The Swazi Lilangeni is the currency in Swaziland (SZ, SWZ). The symbol for SZL can be written L, and E. The Swazi Lilangeni is divided into 100 cents. The exchange rate for the Swazi Lilangeni was last updated on May 24, 2019 from Yahoo Finance. The SZL conversion factor has 5 significant digits.

Economy

  • After growing by 3% from 2004 to 2008, the economy in the Swaziland slipped significantly in 2009, primarily due to the effect of the global economic downturn on export-oriented sectors, in particular textiles and wood pulp.
  • Other important factors were ongoing drought and low levels of foreign direct investment (FDI). In 2010, the economy recovered slightly due to a rebound in global demand for sugar and textiles.
  • However, falling receipts from the Southern African Customs Union (SACU) coupled with lower internal revenues limited the government’s ability to implement counter-cyclical measures.
  • In order to control the economic conditions of the previous year, lower interest rates were maintained, similarly to South Africa.

History

  • The Lilangeni was introduced in 1974 to compete with the South-African rand through the Common Monetary Area, to which it remains tied at a one-to-one exchange rate.
  • According to tradition, the present Swazi nation moved south before the 16th century to an area now called Mozambique.
  • After a series of wars with people living in the area of modern Maputo, the Swazis settled in northern Zululand in 1750.

More information about SZL - Swazi Lilangeni (SZL)