The Loti, denoted by LSL, is the official currency of the Kingdom of Lesotho. The Loti (plural “maloti)”, is divided into 100 lisente (singular “sente”). The LSL is pegged to the South African Rand on a 1:1 basis and both currencies are considered legal tender within Lesotho. Coins in circulation include 5, 10, 20, 50, 100, 200 and 500 lisente. Banknotes in circulation include 10, 20, 50, 100 and 200 maloti. The import and export of the local currency is unrestricted.
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About LNDC
The Lesotho National Development Corporation (LNDC) is the main parastatal of the Government of Lesotho charged with the implementation of the country’s industrial development policies.
“The mandate of the Corporation is to initiate, promote and facilitate the development of manufacturing and processing industries, mining and commerce in a manner calculated to raise the level of income and employment in Lesotho.” more...
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Lesotho National Development Corporation
Block A, Development House, Kingsway Street
Maseru, Lesotho, 100
- [email protected] or [email protected]
- +266 22312012
- Fax: +266 22310038
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