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.
Aliases (3)
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 → 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 |
Rand Monetary Area
→
|
| region |
Southern Africa
→
|
| sector |
international finance
→
|
| shortName |
CMA
→
|
| usesAnchorCurrency |
South African rand
→
|
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Crown dependencies
("Common Travel Area")
→
|
hasStatusIn |
|
South African rand
→
|
legalTenderIn |
|
Lesotho loti
→
|
memberOf |
|
Namibian dollar
("Common Monetary Area (de facto via peg)")
→
|
partOf |
|
Common Monetary Area
("Rand Monetary Area")
→
|
predecessor |
|
South African rand
→
|
usedIn |