Convert Lesotho Loti to Mozambican Metical
Please provide values below to convert Lesotho Loti [LSL] to Mozambican Metical [MZN], or Convert Mozambican Metical to Lesotho Loti.
How to Convert Lesotho Loti to Mozambican Metical
1 LSL = 0.276109162982162 MZN
Example: convert 15 LSL to MZN:
15 LSL = 15 × 0.276109162982162 MZN = 4.14163744473243 MZN
Lesotho Loti to Mozambican Metical Conversion Table
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Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.