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eSwatini - Country Strategy Paper 2014-2018
The Kingdom of Swaziland is a small, landlocked, open economy, with close trade and financial ties with South Africa. Around 70 percent of Swaziland’s 1.1 million people are based in rural areas, with livelihoods predominantly dependent on subsistence agriculture. The Swazi economy is mainly driven by its membership of the South African Customs Union (SACU) and the Common Monetary Area (CMA). SACU revenues make up almost 60 percent of government revenue. Through the country’s membership to the CMA, the Swazi lilangeni exchanges at parity with the rand, this also is legal tender in the country.