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LOCAL CURRENCY IN LESOTHO

Want to know how much is your money worth in Lesotho? The currency used in Lesotho is called Loti.

The Basotho Loti is issued and managed by the Central Bank of Lesotho. To find out the current currency exchange rates for Loti to other major currencies of the world, click on foreign currency rates.

Basotho Currency Information
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The currency used in Lesotho is called as the Loti. This currency is denoted with the currency sign L or M (pl.) and the ISO 4217 Code for the Basotho Loti is LSL. The Loti, is the official currency of the Lesotho . It is divided into 100 smaller units called sente.

The constitution of Lesotho provides that the Lesotho government shall have the power to print the Basotho Loti and sente coins to be used as a legal tender in Lesotho. The Basotho Loti bank notes and Sente coins are both designated as "legal tender" in payment of debts.

The Basotho Loti bill uses the decimal system, consisting of 100 equal units.

The symbol L or M (pl.), usually written before the numerical amount, is used for the Basotho Loti.

Currently printed bank notes denominations are M10, M20, M50, M100, M200 and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 lisente, L1, M2, M5 .

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The Effect of Balance of Trade and Investment on the Value of Basotho Loti
Financial analysts regularly cite the balance of trade and investment in Lesotho as the most important influence on the value of the Loti. The difference between what the Lesotho exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Loti exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Loti exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Basotho Loti.
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