Convert Lesotho Loti to Somali Shilling
Please provide values below to convert Lesotho Loti [LSL] to Somali Shilling [SOS], or Convert Somali Shilling to Lesotho Loti.
How to Convert Lesotho Loti to Somali Shilling
1 LSL = 0.0307411316961583 SOS
Example: convert 15 LSL to SOS:
15 LSL = 15 × 0.0307411316961583 SOS = 0.461116975442374 SOS
Lesotho Loti to Somali Shilling Conversion Table
| Lesotho Loti | Somali Shilling |
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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.
Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.