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Here is the complete financial historical report of Lesotho, in International English, based on the latest data:


Financial Historical Report of Lesotho

Basic Data

  • Country ISO Code: LS

  • Official Languages: English and Sesotho (Southern Sotho)

  • Language ISO Codes: en (English), st (Sesotho)

  • Current Official Currency: Lesotho Loti

  • Currency ISO Code: LSL


Currency History in Lesotho

  • Lesotho was a British protectorate known as Basutoland until independence in 1966.

  • Prior to independence, the South African pound and later the South African rand circulated as the main currencies.

  • The Lesotho loti was first introduced in 1966 as a non-circulating currency to replace the rand at par.

  • In 1980, Lesotho issued its first coins denominated in both loti and lisente (singular: sente), dated 1979, effectively replacing the South African rand coins.

  • Despite the introduction of the loti, the South African rand remains legal tender and circulates freely alongside the loti.

  • The ISO 4217 currency code was changed from LSM to LSL in 1985.


Details of the Lesotho Loti

AttributeDescription
ISO Code LSL
Singular Name loti
Plural Name maloti
Subdivision 1 loti = 100 lisente
Fraction Singular sente
Fraction Plural lisente
Initial Production 1966 (non-circulating), coins first circulated in 1980
Issuer Central Bank of Lesotho
Common Coin Denominations 5, 10, 20, 50 lisente; 1, 2, 5 maloti
Common Banknote Denominations 10, 20, 50, 100, 200 maloti
Mint Various, including South African mints
 

Designs and Symbols

  • The loti derives its name from the Sesotho word for "mountain," reflecting Lesotho’s mountainous terrain.

  • Coins and banknotes feature cultural symbols such as the Basotho hat (mokorotlo), the national coat of arms, and local wildlife.

  • Banknotes depict prominent historical figures including King Moshoeshoe II and King Letsie III, as well as scenes of everyday life and agriculture.

  • The currency symbol commonly used is "M" for maloti and "c" for lisente.


Economic and Monetary Context

  • Lesotho is part of the Common Monetary Area (CMA) with South Africa, Namibia, and Eswatini.

  • The loti is pegged at par (1:1) with the South African rand, which circulates freely and is legal tender in Lesotho.

  • This monetary arrangement supports economic stability but limits Lesotho’s independent monetary policy.

  • Lesotho’s economy depends on agriculture, diamond mining, manufacturing, and remittances from workers in South Africa.


Issuance and Commemorative Issues

  • The Central Bank of Lesotho periodically issues new banknotes and coins with updated security features.

  • Commemorative coins mark national anniversaries and cultural events.

  • Banknotes bear signatures of the Governor of the Central Bank and the Minister of Finance.


Status of Currency Circulation

  • Both the Lesotho loti and the South African rand circulate freely and are accepted for all transactions.

  • The loti remains the official currency and a symbol of national sovereignty.


Language Context

  • Sesotho is widely spoken and is an official language alongside English.

  • English is used in government, education, and official documents, while Sesotho is the primary language for daily communication and cultural expression.

  • Currency and official materials often include Sesotho language elements, reflecting national identity.


This report provides a detailed overview of Lesotho’s currency history, current monetary system, and linguistic context, emphasizing the coexistence of the Lesotho loti and South African rand within the Common Monetary Area.


If you would like, I can prepare a translation of this report into Portuguese (Brazilian) or French.

  1. https://en.wikipedia.org/wiki/Lesotho
  2. https://wise.com/us/currency-converter/lsl-to-zar-rate/history
  3. https://www.bis.org/publ/bppdf/bispap17n.pdf
  4. https://wise.com/us/currency-converter/lsl-to-bif-rate/history
  5. https://en.wikipedia.org/wiki/Lesotho_loti
  6. https://kids.kiddle.co/Lesotho_loti
  7. https://en.wikipedia.org/wiki/South_African_rand
  8. https://www.banknoteworld.com/blog/lesotho-banknote-history/
  9. https://www.elevatepay.co/currency-encyclopedia/lsl-lesotho-loti
  10. https://globalfinancialdata.com/lesotho
  11. http://www.liganda.ch/ligmohi/LS_monhist.html


Fonte:

Autor do blog: Nilton Romani

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