Convert Malagasy Ariary to Lesotho Loti
Please provide values below to convert Malagasy Ariary [MGA] to Lesotho Loti [LSL], or Convert Lesotho Loti to Malagasy Ariary.
How to Convert Malagasy Ariary to Lesotho Loti
1 MGA = 252.083282574416 LSL
Example: convert 15 MGA to LSL:
15 MGA = 15 × 252.083282574416 LSL = 3781.24923861624 LSL
Malagasy Ariary to Lesotho Loti Conversion Table
| Malagasy Ariary | Lesotho Loti |
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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.
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.