Convert Lesotho Loti to Malagasy Ariary
Please provide values below to convert Lesotho Loti [LSL] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Lesotho Loti.
How to Convert Lesotho Loti to Malagasy Ariary
1 LSL = 0.00396694294753479 MGA
Example: convert 15 LSL to MGA:
15 LSL = 15 × 0.00396694294753479 MGA = 0.0595041442130218 MGA
Lesotho Loti to Malagasy Ariary Conversion Table
| Lesotho Loti | Malagasy Ariary |
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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.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.