Convert Moroccan Dirham to Lesotho Loti
Please provide values below to convert Moroccan Dirham [MAD] to Lesotho Loti [LSL], or Convert Lesotho Loti to Moroccan Dirham.
How to Convert Moroccan Dirham to Lesotho Loti
1 MAD = 0.512805478547479 LSL
Example: convert 15 MAD to LSL:
15 MAD = 15 × 0.512805478547479 LSL = 7.69208217821219 LSL
Moroccan Dirham to Lesotho Loti Conversion Table
| Moroccan Dirham | Lesotho Loti |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.