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:
5 lisente
10 lisente
20 lisente
50 lisente
1 loti
2 maloti
5 maloti
Banknotesedit
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.[3] 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.[4]
In 2021, the Central Bank of Lesotho issued a new series of loti banknotes that are similar to the 2010 series, but the note's size is reduced to incorporate updated security features, including tactile features for those with visual impairments and giving the notes an anti-bacterial and anti-viral varnish to protect the notes from surface soiling and preventing viral disease on the notes.
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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 Lesotho lotiISO 4217CodeLSL numeric 426 before 1985 LSMSubunit0 01UnitUnitlotiPluralmalotiSymbolL or M pl DenominationsSubunit 1 100sentePlural sentelisenteBanknotesM10 M20 M50 M100 M200Coins1 2 5 10 20 50 lisente L1 M2 M5DemographicsUser s Lesotho alongside South African rand IssuanceCentral bankCentral Bank of Lesotho Websitewww wbr centralbank wbr org wbr lsValuationInflation6 8 SourceCentral Bank of Lesotho August 2006 MethodCPIPegged withSouth African rand at parThe 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 Contents 1 Coins 2 Banknotes 3 See also 4 References 5 External linksCoins editIn 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 5 lisente 10 lisente 20 lisente 50 lisente 1 loti 2 maloti 5 malotiBanknotes editIn 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 3 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 4 In 2021 the Central Bank of Lesotho issued a new series of loti banknotes that are similar to the 2010 series but the note s size is reduced to incorporate updated security features including tactile features for those with visual impairments and giving the notes an anti bacterial and anti viral varnish to protect the notes from surface soiling and preventing viral disease on the notes 2011 Series 1 Value Dimensions Main Color Description Date of issue Date of first issue WatermarkObverse Reverse10 maloti 130 x 70 mm Red and Yellow Mokorotlo hat registration device King Moshoeshoe II King Letsie III and King Moshoeshoe I Lesotho coat of arms Cosmos flowers Cosmos bipinnatus 2010 March 1 2011 Lesotho coat of arms and electrotype 1020 maloti 135 x 70 mm Purple and light blue Mokorotlo hat registration device King Moshoeshoe II King Letsie III and King Moshoeshoe I Lesotho coat of arms Basotho huts mokhoro 2010 March 1 2011 Lesotho coat of arms and electrotype 2050 maloti 138 x 70 mm Violet Mokorotlo hat registration device King Moshoeshoe II King Letsie III and King Moshoeshoe I Lesotho coat of arms Men on horseback 2010 March 1 2011 Lesotho coat of arms and electrotype 50100 maloti 140 x 70 mm Green Mokorotlo hat registration device King Moshoeshoe II King Letsie III and King Moshoeshoe I Lesotho coat of arms Shepherd with flock 2010 March 1 2011 Lesotho coat of arms and electrotype 100200 maloti 145 x 70 mm Orange Mokorotlo hat registration device King Moshoeshoe II King Letsie III and King Moshoeshoe I Lesotho coat of arms Man on horse 2015 April 1 2016 King Moshoeshoe I in top hat electrotype 200 capped with Basotho hat and CornerstonesSee also editEconomy of LesothoReferences edit Definition of SENTE www merriam webster com Definition of LOTI www merriam webster com Linzmayer Owen 2012 Lesotho The Banknote Book San Francisco CA www BanknoteNews com Lesotho to issue new notes in March 2011 BanknoteNews com Retrieved 2012 03 20 External links editCentral Bank of Lesotho s official website The banknotes of Lesotho in English and German Current LSL exchange ratesFrom Google Finance AUD CAD CHF CNY EUR GBP HKD JPY USD JPY USDFrom Yahoo Finance AUD CAD CHF CNY EUR GBP HKD JPY USD JPY USDFrom XE com AUD CAD CHF CNY EUR GBP HKD JPY USD JPY USDFrom OANDA AUD CAD CHF CNY EUR GBP HKD JPY USD JPY USDPreceded by South African randRatio at par Currency of Lesotho 1980 Concurrent with South African rand legal tender Succeeded by Current Portals nbsp Africa nbsp Money nbsp Numismatics Retrieved from https en wikipedia org w index php title Lesotho loti amp oldid 1172462389, wikipedia, wiki, book, books, library,
