Tags: Currency.
The loti (plural: maloti) is the currency of the Kingdom of Lesotho. It is subdivided into 100 lisente (sg. sente). 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 to replace the South African rand of Lesotho though the Rand remains legal tender.