Convert Lesotho Loti to Argentine Peso
Please provide values below to convert Lesotho Loti [LSL] to Argentine Peso [ARS], or Convert Argentine Peso to Lesotho Loti.
How to Convert Lesotho Loti to Argentine Peso
1 LSL = 0.0138738873926882 ARS
Example: convert 15 LSL to ARS:
15 LSL = 15 × 0.0138738873926882 ARS = 0.208108310890323 ARS
Lesotho Loti to Argentine Peso 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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.