Lesotho loti in Ugandan Shilling

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.

UGX Ugandan Shilling

Country of application:
Uganda

Coin denominations in circulation:
100, 200, 500 shillings.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000, 20,000, 50,000 shillings.

History reference:
The Ugandan shilling is the currency of Uganda. The territory of Uganda occupies the central part of the elevated East African Plateau and covers a large number of rivers and freshwater lakes, among ...which lakes Victoria, Kyoga, George, Edward and Albert should be distinguished. The total area of Uganda exceeds 236 thousand square kilometers. The Ugandan shilling was introduced on 15 August 1966 to replace the East African shilling issued by the East African Monetary Authority for Kenya, Uganda, Tanganyika and Zanzibar. With the release of the national currency, the exchange of East African shillings 1: 1 for it and their gradual withdrawal from circulation began. From October 21 to October 29, 1979, the government carried out the first currency denomination. Due to high inflation, on May 18, 1987, another monetary reform was carried out, as a result of which a new Ugandan shilling was introduced at an exchange rate of 100: 1. But even this currency was already replaced in 2004 by the currency with the original name - the Ugandan shilling, which, due to the instability of the countrys economy, produces ever higher denominations.