Convert Lesotho Loti to Mongolian Tugrik
Please provide values below to convert Lesotho Loti [LSL] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Lesotho Loti.
How to Convert Lesotho Loti to Mongolian Tugrik
1 LSL = 0.00494874425336381 MNT
Example: convert 15 LSL to MNT:
15 LSL = 15 × 0.00494874425336381 MNT = 0.0742311638004571 MNT
Lesotho Loti to Mongolian Tugrik Conversion Table
| Lesotho Loti | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.