Common Monetary Area

E31838

The Common Monetary Area is a monetary union in Southern Africa that links the currencies of several countries to the South African rand, facilitating regional trade and financial integration.

All labels observed (5)

How this entity was disambiguated

Statements (29)

Predicate Object
instanceOf currency area
monetary union
anchorCountry South Africa
basedOn South African Reserve Bank monetary policy
continent Africa
currencyPeg Lesotho loti
Namibian dollar
Lilangeni
surface form: Swazi lilangeni
established 1974
facilitates financial integration
regional trade
hasFeature capital mobility among member states
fixed exchange rates to the South African rand
use of rand as common settlement currency
isLinkedTo Southern African Customs Union
legalBasis multilateral agreements between member states
legalTender South African rand
memberState Eswatini
Lesotho
Namibia
South Africa
objective facilitate cross-border payments
promote economic integration
promote monetary stability
predecessor Common Monetary Area self-linksurface differs
surface form: Rand Monetary Area
region Southern Africa
sector international finance
shortName CMA
usesAnchorCurrency South African rand

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

South African rand usedIn Common Monetary Area
South African rand legalTenderIn Common Monetary Area
Crown dependencies hasStatusIn Common Monetary Area
this entity surface form: Common Travel Area
Common Monetary Area predecessor Common Monetary Area self-linksurface differs
this entity surface form: Rand Monetary Area
Lesotho loti memberOf Common Monetary Area
Namibian dollar partOf Common Monetary Area
this entity surface form: Common Monetary Area (de facto via peg)
Lilangeni exchangeControlLink Common Monetary Area
Lilangeni usedIn Common Monetary Area
this entity surface form: Common Monetary Area (alongside other member currencies)
CMA predecessor Common Monetary Area
subject surface form: Common Monetary Area
this entity surface form: Rand Monetary Area
Central Bank of Lesotho memberOf Common Monetary Area