Lesotho loti
L
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.The name derives from the Sesotho loti, "mountain," while sente is from English "cent".
In 1985, the ISO 4217 code was changed from into.
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
Country
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Lesotho
Lesotho, officially the Kingdom of Lesotho, is a country landlocked as an enclave in South Africa. It is situated in the Maloti Mountains and contains the highest mountains in Southern Africa. It has an area of over 30000 km2 and has a population of about million.
It was previously the British Crown colony of Basutoland, which was given independence by the United Kingdom on 4 October 1966. It is a fully sovereign state and is a member of the United Nations, the Commonwealth of Nations, the African Union, and the Southern African Development Community. The name Lesotho roughly translates to "land of the Sotho".