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50 Emalangeni
| Issuer | Central Bank of Swaziland |
|---|---|
| Year | 2001 |
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| Printer | Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date) |
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| Signature(s) | Majozi V. Sithole / M.G. Dlamini |
| Protection type | Watermark, Security thread |
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| Comments |
The P#31 series was issued under Majozi Sithole's tenure as Central Bank Governor — a period when Swaziland was actively strengthening the lilangeni's peg to the South African rand through the Common Monetary Area agreement. The 50 emalangeni denomination sat at an awkward middle register: too large for everyday retail use in much of the country, too small for significant commercial transactions, which likely kept circulation volumes modest.
Giesecke & Devrient had printed Swazi notes since the earliest issues, giving the series a consistency in paper quality and security thread placement that collectors occasionally use to spot the few known counterfeits of this denomination.