Convert Lesotho Loti to Jamaican Dollar
Please provide values below to convert Lesotho Loti [LSL] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to Lesotho Loti.
How to Convert Lesotho Loti to Jamaican Dollar
1 LSL = 0.109738720307351 JMD
Example: convert 15 LSL to JMD:
15 LSL = 15 × 0.109738720307351 JMD = 1.64608080461027 JMD
Lesotho Loti to Jamaican Dollar Conversion Table
| Lesotho Loti | Jamaican Dollar |
|---|
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.
Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.