DEFINITION of 'LSL'
The currency code for the Lesotho loti, the official currency of the Kingdom of Lesotho. The loti is subdivided into 100 lisente subunits and is pegged to the South African rand at par through the so-called Common Monetary Area. Coins are issued in denominations of 1, 2, 5, 10, 20 and 50 lisente, and 1, 2 and 5 loti. Banknotes are issued in denominations of 10, 20, 50, 100 and 200.
BREAKING DOWN 'LSL'
The ISO 4217 is a global standard for currency recognition. The three letter codes are established by the International Organization for Standardization (ISO). These codes are used around the world in banking and business.