Convert Lesotho Loti to Gibraltar Pound
Please provide values below to convert Lesotho Loti [LSL] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Lesotho Loti.
How to Convert Lesotho Loti to Gibraltar Pound
1 LSL = 23.7291638524922 GIP
Example: convert 15 LSL to GIP:
15 LSL = 15 × 23.7291638524922 GIP = 355.937457787384 GIP
Lesotho Loti to Gibraltar Pound Conversion Table
| Lesotho Loti | Gibraltar Pound |
|---|
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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.