The unit of currency of Lesotho is loti with a plural pronunciation of Maloti and it is further subdivided into 100 lisenti. The currency is equally valued with South Africa’s currency. However, in some parts of the country, South African Rand or Raz is also accepted. The banknotes that started to be printed in 1979 are now expected to be replaced with a new series. The Central Bank of Lesotho is making strategies to launch new banknotes to stabilize the control over currency. These notes will completely eradicate the use of current circulation in early days of next year.
The Maloti are not easily exchangeable outside the regions of Lesotho except some parts of South Africa such as Ladybrand, which is a border town. This is because of the low economic and currency value of the country in the international currency exchange market.
Coins of Lesotho currency are available with denominations of 1, 2, 5, 10, 25, 50, 100, 200 and 500 lisente. Apart from that, some special coins are also minted in the country to commemorate the important events. You will find the banknotes of Loti under denominations of 10, 20, 50, 100 and 200 maloti. Large payments are made through electronic means according to the government instructions.

Lesotho Currency Maloti

April 7, 2011 | Afifa Gillani | No Comments | 180 views