Convert Lesotho Loti to Tanzanian Shilling
Please provide values below to convert Lesotho Loti [LSL] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Lesotho Loti.
How to Convert Lesotho Loti to Tanzanian Shilling
1 LSL = 0.00683496949482382 TZS
Example: convert 15 LSL to TZS:
15 LSL = 15 × 0.00683496949482382 TZS = 0.102524542422357 TZS
Lesotho Loti to Tanzanian Shilling Conversion Table
| Lesotho Loti | Tanzanian 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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.