Historic Lesotho loti Cuban peso

Lesotho loti cuban peso history for August 2023. The highest quote for this month is 1.3488 (01/08/2023) and the lowest 1.3435 (01/08/2023). The difference between high and low is 0.39.

LSL CUP average rate for August 2023 is 1.28983, the change between 01/08/2023 and 31/08/2023 is +4.94 %.

01 August 20231 LSL = 1.344 CUP
02 August 20231 LSL = 1.344 CUP
03 August 20231 LSL = 1.345 CUP
04 August 20231 LSL = 1.312 CUP
07 August 20231 LSL = 1.304 CUP
08 August 20231 LSL = 1.311 CUP
09 August 20231 LSL = 1.312 CUP
10 August 20231 LSL = 1.312 CUP
11 August 20231 LSL = 1.312 CUP
14 August 20231 LSL = 1.288 CUP
15 August 20231 LSL = 1.283 CUP
16 August 20231 LSL = 1.253 CUP
17 August 20231 LSL = 1.259 CUP
18 August 20231 LSL = 1.255 CUP
21 August 20231 LSL = 1.251 CUP
22 August 20231 LSL = 1.261 CUP
23 August 20231 LSL = 1.262 CUP
24 August 20231 LSL = 1.276 CUP
25 August 20231 LSL = 1.276 CUP
28 August 20231 LSL = 1.277 CUP
29 August 20231 LSL = 1.277 CUP
30 August 20231 LSL = 1.276 CUP
31 August 20231 LSL = 1.277 CUP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

02/05/2016: Introduction of the new Lesotho loti coins

New coins with updated designs and improved durability were introduced to replace the older ones and ensure efficient circulation of the Lesotho loti currency.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

16/10/2012: Issuance of commemorative banknotes

Commemorative banknotes were issued on the occasion of Lesotho's 46th Independence Day, celebrating the country's cultural heritage and achievements.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

02/06/2008: Establishment of the Lesotho Electronic Funds Transfer System

The Lesotho Electronic Funds Transfer System (LETS) was established, enabling secure and efficient electronic transactions, including online banking and interbank transfers.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

21/02/2000: Launch of the Lesotho national payment system

The Lesotho national payment system was launched, facilitating seamless electronic funds transfer and promoting financial inclusivity in the country.

25/09/1998: Introduction of the new Lesotho loti banknotes

New banknotes featuring enhanced security features and updated designs were introduced to combat counterfeiting and improve the integrity of the currency.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

20/01/1986: Adoption of the Central Bank of Lesotho Act

The Central Bank of Lesotho Act was adopted, providing the legal framework for the regulation and control of the Lesotho loti and monetary policy.

01/10/1980: Introduction of the Lesotho loti

The Lesotho loti was introduced as the official currency of Lesotho to replace the South African rand and establish monetary independence.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.