As at April 2005, the integration programme envisaged the establishment of a SADC monetary union by 2016 •  Finalise preparation of institutional, administrative and legal framework for setting up a SADC Central Bank by 2016;  •  Launch a regional currency for the SADC Monetary Union by 2018.
3.3  The Common Monetary Area (CMA)  Lastly, the possibility of establishing a central bank for the Common Monetary Area (CMA) countries is raised from time to time: the CMA comprising Lesotho, Namibia, South Africa and Swaziland.