Lesotho loti
Currency of Lesotho / From Wikipedia, the free encyclopedia
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The Loti (plural: Maloti) is the currency of the Kingdom of Lesotho. It is subdivided into 100 lisente (sg. sente). It is pegged to the South African rand on a 1:1 basis through the Common Monetary Area, and both are accepted as legal tender within Lesotho. The loti was first issued in 1966, albeit as a non-circulating currency. In 1980, Lesotho issued its first coins denominated in both loti and lisente (dated 1979) to replace the South African rand, but the rand remains legal tender.
Quick Facts ISO 4217, Code ...
ISO 4217 | |
---|---|
Code | LSL (numeric: 426) before 1985: LSM |
Subunit | 0.01 |
Unit | |
Unit | loti |
Plural | maloti |
Symbol | L or M (pl.) |
Denominations | |
Subunit | |
1⁄100 | sente |
Plural | |
sente | lisente |
Banknotes | M10, M20, M50, M100, M200 |
Coins | 1, 2, 5, 10, 20, 50 lisente, L1, M2, M5 |
Demographics | |
User(s) | Lesotho (alongside South African rand) |
Issuance | |
Central bank | Central Bank of Lesotho |
Website | www |
Valuation | |
Inflation | 6.8% |
Source | Central Bank of Lesotho, August 2006 |
Method | CPI |
Pegged with | South African rand at par |
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The name derives from the Sesotho loti, "mountain," while sente is from English "cent".[1][2]
In 1985, the ISO 4217 code was changed from LSM into LSL.