Key facts
- Code
- LSL (numeric: 426 ) , before 1985: LSM
- Unit
- loti
- Plural
- maloti
- Symbol
- L or M (pl.)
- 1 100
- sente
- Sente
- lisente
- Banknotes
- M10, M20, M50, M100, M200
- Coins
- 1, 2, 5, 10, 20, 50 lisente, L1, M2, M5
- User s
- Lesotho (alongside South African rand )
- Central bank
- Central Bank of Lesotho
- Website
- www .centralbank .org .ls
- Inflation
- 6.8%
- Source
- Central Bank of Lesotho , August 2006
- Method
- CPI
- Pegged with
- South African rand at par
via Wikipedia infobox
Article
The loti (plural: maloti) is the currency of the Kingdom of Lesotho. It is subdivided into 100 sente (pl. lisente). 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.
The name derives from the Sesotho loti, "mountain," while sente is from English "cent".