Currency in Lesotho, Lesotho

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LesothoÂ’s standard unit of currency is the Loti (plural Maloti). It is equivalent to the South African Rand, and is divided into 100 Lisente. There are no restrictions on the amount of money tourists may bring into the Country. Banks are found in Maseru and most main towns.

Lesotho is also a member of the Common Monetary Area, meaning that currency can be freely transported across the borders. It also means that the Lesotho currency, the Loti, pronounced "Looti", (plural Maloti) is tied to the Rand on a 1:1 basis. In fact, Rands are accepted interchangeably with Maloti, reducing money changing hassles considerably. The only fact to bear in mind - Maloti are not accepted in South Africa, so make sure you leave the country with Rands in your pocket. Currently (in October, 2000), 1 US Dollar is approximately equal to 7.13 Maloti (or Rands).

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