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Money
Currency: Loti (M) = 100 lisente. Notes are in denominations of M200, 100, 50, 20 and 10. Coins are in denominations of 500, 200, 100, 50, 25, 10, 5, 2 and 1 lisente. The plural of ‘loti’ is ‘maloti’ and the singular of ‘lisente’ is ‘sente’. The South African Rand is accepted as legal currency on a par with the Loti (Rand R1 = 100 cents).
Credit & debit cards: Limited acceptance of Visa, MasterCard and Diners Club. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: These are widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: The import and export of local and foreign currency is unrestricted.
Exchange rate indicators
The following figures are included as a guide to the movements of the Loti against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 14.58 | 16.45 | 14.99 | 12.83 | | $1.00= | 10.01 | 10.82 | 9.48 | 8.06 |
Banking hours: Mon-Tues and Thurs-Fri 0830-1530, Wed 0830-1300, Sat 0830-1100.
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