Lesotho Loti (LSL)

The Lesotho Loti (LSL) is the official currency of Lesotho. Lesotho is a landlocked country completely surrounded by South Africa and the Loti is issued and managed by the Central Bank of Lesotho.

The symbol for the Lesotho Loti is “L” and its ISO code is “LSL”. The Loti is widely accepted and used for daily transactions in Lesotho. As the official currency of Lesotho, it is backed and supported by the government and is a legal tender.

The Loti is divided into 100 lisente, although lisente are not commonly used in practice and are mainly used for calculations. The commonly used banknotes in Lesotho are 10, 20, 50, 100, and 200 Loti. There are also coins in denominations of 1, 2, 5, 10, 20, and 50 lisente.

The Lesotho Loti plays an important role in the economy of Lesotho. The country derives income from sectors such as exports, tourism, agriculture, and mining. The Loti can be converted into other currencies and used in international trade. However, due to Lesotho’s close economic ties with South Africa, the South African Rand (ZAR) is also widely accepted as a currency in Lesotho.

In summary, the Lesotho Loti (LSL) is the official currency of Lesotho. It is issued by the Central Bank of Lesotho and is used for daily transactions in the country. The Loti holds significance in Lesotho’s economy and can be converted into other currencies. Additionally, the South African Rand is also commonly accepted as a currency in Lesotho due to the economic proximity between the two countries.