Lesotho loti in Argentine Peso

LSL Lesotho loti

Country of application:
Lesotho

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 lisente, 1, 2, 5 thresh.

Denominations of banknotes in circulation:
10, 20, 50, 100, 200 thresh.

History reference:
Loti, in pl. h. maloti is the currency of the Kingdom of Lesotho. From February 1961, the South African rand, issued to replace the South African pound, was in circulation in Lesotho. On January 19, ...1980, the first national currency was introduced - the loti, divided into 100 licentes and equal to the South African rand. This change was intended to ensure the economic and political independence of Lesotho from the Republic of South Africa, which in reality did not happen. The reverse side of the 50 licente coin contains the image of a rider on a horse, the 2 maloti coin is decorated with the image of five corn inflorescences, the reverse side of the 5 maloti coin is similarly decorated. On the front side of the 1 loti coin there is a portrait of the king of Lesotho, Moshen I, who in the first half of the 19th century. did everything to unite all the tribes that then lived on the territory of modern Lesotho, thereby ending internecine wars. Coins are mostly made of steel.

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.