🇱🇸Loti (LSL)
The loti (plural: maloti) was introduced in 1980, giving the mountain kingdom of Lesotho — entirely surrounded by South Africa — its own currency for the first time since independence in 1966. Like Eswatini's lilangeni and Namibia's dollar, the loti is pegged 1:1 to the South African rand as a member of the Common Monetary Area, and the rand circulates as legal tender alongside it throughout the country.
LSL ⇄ USD Converter
History
The loti (plural: maloti) was introduced in 1980, giving the mountain kingdom of Lesotho — entirely surrounded by South Africa — its own currency for the first time since independence in 1966. Like Eswatini's lilangeni and Namibia's dollar, the loti is pegged 1:1 to the South African rand as a member of the Common Monetary Area, and the rand circulates as legal tender alongside it throughout the country.
Denominations
Loti banknotes commonly circulate in these denominations:
- 10, 20, 50 maloti — common notes for everyday transactions
- 100, 200 maloti — higher-value notes
- Coins circulate in 1, 2, 5, 10, 20, and 50 lisente, plus 1, 2, and 5 maloti
Frequently Asked Questions
What is the currency symbol for the loti?
The loti's symbol is L (plural maloti, M). Its ISO 4217 currency code is LSL.
Is the loti pegged to the South African rand?
Yes, 1:1, as part of the Common Monetary Area alongside Eswatini and Namibia. Rand is also accepted as legal tender throughout Lesotho.
Why does Lesotho use a currency pegged to South Africa's?
Lesotho is entirely landlocked within South Africa, so a 1:1 peg to the rand — with the rand itself also circulating freely — keeps trade and prices simple and stable given the two economies' deep integration.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.