Convert Lesotho Loti to Eritrean Nakfa
Please provide values below to convert Lesotho Loti [LSL] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Lesotho Loti.
How to Convert Lesotho Loti to Eritrean Nakfa
1 LSL = 1.17111333333333 ERN
Example: convert 15 LSL to ERN:
15 LSL = 15 × 1.17111333333333 ERN = 17.5667 ERN
Lesotho Loti to Eritrean Nakfa Conversion Table
| Lesotho Loti | Eritrean Nakfa |
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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.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.