Starting with the E100 note, the Central Bank of Seaziland will role out the banknote upgrade in stages. The banknotes available locally are E10, E20, E50, E100 and E200. As all monies in circulation locally are deposited with the CBS, the old currency is expected to be phased out gradually.
Governor, Martin Dlamini said in a press statement: “The Central Bank of Swaziland has initiated a project to upgrade its entire series of banknotes in view of the fact that the existing portrait shown of His Majesty King Mswati III is outdated. Also banknote durability and security technology has advanced significantly since the issuing of the current series of notes in 1999”. The new notes are expected to be released in July or August 2010.
Durability and security were a priority with the new banknotes. The Central Bank of Swaziland will release educational materials and information to assist the public acquainted with the security features with the new banknotes to ensure familiarity with the authenticity of the new Emalangeni banknotes.