Lesotho loti

Lesotho loti

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.centralbank.org.ls
Valuation
Inflation	6.8%
Source	Central Bank of Lesotho, August 2006
Method	CPI
Pegged with	South African rand at par

The loti (plural: maloti) is the currency of the Kingdom of Lesotho. It is subdivided into 100 sente (pl. lisente). 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".^[1][2]

In 1985, the ISO 4217 code was changed from LSM into LSL.