Lesotho loti
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.
| 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 |
The name derives from the Sesotho loti, "mountain," while sente is from English "cent".
In 1985, the ISO 4217 code was changed from LSM into LSL.
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