Swaziland currency drops under Fed decision pressures
Central Bank of Swaziland documents a fall in the value of lilangeni
Swaziland's currency, the lilangeni, declined despite the Federal Reserve's decision to delay raising rates in September, the Central Bank of Swaziland has said.
In a summary of September's economic progress released on October 28, the central bank reported the lilangeni averaged 13.62 against the dollar, falling from August's recorded average of 12.88, a drop of nearly 6%.
The lilangeni is pegged to the South African rand, which, like many emerging currencies, is likely to respond strongly to a
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