Convert Lesotho Loti to Ethiopian Birr
Please provide values below to convert Lesotho Loti [LSL] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Lesotho Loti.
How to Convert Lesotho Loti to Ethiopian Birr
1 LSL = 0.128564549039354 ETB
Example: convert 15 LSL to ETB:
15 LSL = 15 × 0.128564549039354 ETB = 1.92846823559031 ETB
Lesotho Loti to Ethiopian Birr 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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.