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Lesotho loti

Lesotho loti
ISO 4217
Code LSL
Denominations
Subunit
 1/100 sente
Plural maloti
 sente lisente
Symbol L or M (pl.)
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.centralbank.org.ls
Valuation
Inflation 6.8%
 Source Central Bank of Lesotho, August 2006
 Method CPI
Pegged with South African rand at par

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.

In 1980, coins dated 1979 were introduced in denominations of 1 sente, 2, 5, 10, 25 and 50 lisente and 1 loti. In 1996, 2 and 5 maloti coins were introduced, followed by 20 lisente in 1998.

Coins in circulation are:

In January 1980, banknotes dated 1979 (the last two digits of the year of issue are the serial number prefix denominator) were introduced in denominations of 2, 5 and 10 maloti. 20 and 50 maloti notes were added in 1981, followed by 100 and 200 maloti in 1994.

On 1 March 2011, at a celebration marking its 30th anniversary, the Central Bank of Lesotho launched a new series of banknotes dated 2010 aimed at fighting the spread of counterfeits. The notes feature a portrait of the three royal family members: the current king, His Majesty Letsie III is in the middle, his father King Moshoeshoe II is on the left, and the founder of the Basotho nation, King Moshoeshoe I, on the right.


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