Convert Lesotho Loti to Israeli New Sheqel
Please provide values below to convert Lesotho Loti [LSL] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Lesotho Loti.
How to Convert Lesotho Loti to Israeli New Sheqel
1 LSL = 5.25162929745889 ILS
Example: convert 15 LSL to ILS:
15 LSL = 15 × 5.25162929745889 ILS = 78.7744394618834 ILS
Lesotho Loti to Israeli New Sheqel 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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.