Doing Business in Lesotho

The History of Lesotho

 

Lesotho or officially the Kingdom of Lesotho, is a landlocked country.  It is situated in the Maloti Mountains and contains and has a population of about 2 million.

Lesotho was a British colony and was declared independence from the United Kingdom on 4 October 1966.

It is a sovereign and is a member of the United Nations, the Commonwealth of Nations and the Souther African Development Community. 

Currency

The Loti (plural: Maloti) is the currency of the Kingdom of Lesotho.  It is pegged to the South African Rand on a 1:1 basis through the Common Monetary Area and both are accepted as Legal Tender within Lesotho. 

Banks in Lesotho:

The following commercial banks operate in Lesotho: 

  1. Standard Lesotho Bank 
  2. Nedbank 
  3. First National Bank 
  4. Lesotho Post Bank 

 

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