Lesotho Loti

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Loti
Image description is missing
Country: LesothoLesotho Lesotho
Subdivision: 100 lisentees
ISO 4217 code : LSL
Abbreviation: M.
Exchange rate :
(August 24, 2020)

1 LSL = 1 ZAR (fix)

1  EUR  = 20.061 LSL
100 LSL = 4.9848 EUR

1  CHF  = 18.642 LSL
100 LSL = 5.3642 CHF

Two maloti coin

The Loti , plural: Maloti , is the currency of Lesotho . 1 Loti is divided into 100 Lisente , singular: Sente (abbreviation: s ). The ISO code is LSL. The name Loti comes from the word leloti for "mountain" in the Sesotho language .

The loti was introduced in January 1980, 14 years after Lesotho's independence from the United Kingdom .

Until his death in 1996, King Moshoeshoe II was portrayed on the banknotes, since then the "founding father" of the Basotho , Moshoeshoe I.

Denomination

There are banknotes in denominations of 200, 100, 50, 20 and 10 (previously also 5 and 2) Maloti. Coins exist to the value of 5 and 2 Maloti, 1 Loti, 50, 20, 10 and 5 Lisente. The older 1-Sente and 2-Lisente coins as well as the 25-Lisente coins are no longer in circulation. To form the majority when designating the currency units, see nominal class .

Monetary Union in Southern Africa

Lesotho forms the Common Monetary Area with the Republic of South Africa , Namibia and Swaziland . There is a 1: 1 exchange rate parity between all currencies of these countries ( South African Rand , Namibian Dollar , Lilangeni and Loti) . In addition, the rand is recognized currency in all four countries.

Design of banknotes (from 1996)

amount front back
10 maloti Moshoeshoe I. Mosotho riders with traditional clothing
20 maloti Moshoeshoe I. Village scene with woman in traditional clothing
50 maloti Moshoeshoe I. Rider with traditional clothes, donkey and rock Qiloane
100 maloti Moshoeshoe I. Flock of sheep in front of a traditional house
200 maloti Moshoeshoe I. Flock of sheep with shepherd boys

From 2010 new banknotes with enhanced security features were issued. The 200 Maloti note shows Moshoeshoe I on the obverse as before, but a rider on the reverse.

Web links

Commons : Banknotes of Lesotho  - Collection of images, videos and audio files

Individual evidence

  1. Jump up ↑ Jian-Ye Wang, Iyabo Masha, Kazuko Shirono, Leighton Harris: The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges . In: IMF Working Paper Series . No. 07/158 , July 1, 2007 (English, imf.org [PDF]).
  2. ^ Central Bank to launch new 200 Maloti note. lestimes.com of February 27, 2016