Convert Lesotho Loti to Iranian Rial
Please provide values below to convert Lesotho Loti [LSL] to Iranian Rial [IRR], or Convert Iranian Rial to Lesotho Loti.
How to Convert Lesotho Loti to Iranian Rial
1 LSL = 0.000413941065308425 IRR
Example: convert 15 LSL to IRR:
15 LSL = 15 × 0.000413941065308425 IRR = 0.00620911597962638 IRR
Lesotho Loti to Iranian Rial Conversion Table
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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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.