Lesotho's currency is called Loti (maLoti in plural) and its value is pegged with the South African Rand - which is also widely use in Lesotho. The name was derived from the Southern Buntu Language (Sesotho) meaning "mountain". 1 Loti is subdivided into 100 Lisente (Sente in singular). Banknotes are in denominations of M10, M20, M50, M100, M200 maLoti and coins come in denominations of 1, 5, 10, 20, 50 lisente and M1, M2, M5 maLoti.
Lesotho Loti Currency Code: LSL
"M" - This is the symbol you'll see alongside (some) prices / rates
Yes, the South African currency is widely accepted in Lesotho
Travellers to Lesotho can quite easily convert the South African Rand, US dollar, British Pound and Euro currencies into Loti at bureaux de change and banks in Maseru.
Although very limited, Visa cards are accepted by some hotels, restaurants & retail outlets, and can be used to draw money out of ATMs found only in Lesotho's larger urban areas such as Maseru. If you are travelling to a rural or remote where no ATMs and credit card facilities are available then we highly suggest you carry a sufficient amount of cash in hand (Loti or Rands) - drawn from either South Africa or Maseru.
There are 4 commercial banks in Lesotho:
This may vary depending on the bank but operating hours are generally from:
08:30am → 3:30pm from Monday - Friday
08:30am → 12:30pm on Saturdays.
When travelling to Lesotho via vehicle, make sure you carry a sufficient amount of cash in either South African Rands or Lesotho maLoti for border fees because not all border posts accept credit cards nor have the facilities to do an electronic transaction as such.
http://www.accommodationlesotho.co.za cannot be held liable for any change in exchange rates and information above.
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