Swaziland's currency is pegged to the South African Rand, subsuming Swaziland's monetary policy to South Africa. Customs duties from the Southern African Customs Union, which may equal as much as 70% of government revenue this year, and worker remittances from South Africa substantially supplement domestically earned income. Swaziland is not poor enough to merit an IMF program; however, the country is struggling to reduce the size of the civil service and control costs at public enterprises. The government is trying to improve the atmosphere for foreign direct investment. COUNT 4
QSN1 What currency is Swaziland bound to? ANS1 South African Rand QSN2 Which nation does Swazi defer to when it comes to monetary policy? ANS2 South Africa QSN3 Duties from customs represent what amount of Swaziland government revenue? ANS3 as much as 70% QSN4 From where does Swaziland get customs revenue? ANS4 Southern African Customs Union