Convert Lesotho Loti to Cape Verdean Escudo
Please provide values below to convert Lesotho Loti [LSL] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Lesotho Loti.
How to Convert Lesotho Loti to Cape Verdean Escudo
1 LSL = 0.186904243853185 CVE
Example: convert 15 LSL to CVE:
15 LSL = 15 × 0.186904243853185 CVE = 2.80356365779778 CVE
Lesotho Loti to Cape Verdean Escudo Conversion Table
| Lesotho Loti | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.