Regional Currency Policies Take Center Stage at Eswatini’s Monetary Meeting

This week, key financial leaders from the Common Monetary Area (CMA) gathered in Eswatini to assess the challenges and opportunities shaping their interconnected economies amid global uncertainty.

Felicia Dlamini-Kunene, Deputy Governor of the Central Bank of Eswatini, opened the meeting by highlighting how shifting macroeconomic conditions—such as global inflation, volatile capital flows, and the rise of digital currencies—are testing the resilience of regional monetary systems. She urged participants to take stock of their current exchange control frameworks, with a view toward both increasing transparency and aligning policies more closely between member countries. Dlamini-Kunene also emphasized the importance of finding the right balance between embracing financial innovation and maintaining prudent regulatory oversight, especially as the digital economy expands. The meeting aims to deepen regional cooperation, harmonize exchange control policies, and ensure that the CMA’s shared monetary framework supports sustainable growth and economic integration.

These discussions are crucial for reinforcing the region’s financial stability and preparing CMA economies to navigate an evolving global landscape.