Historic Lesotho loti Cuban peso

Lesotho loti cuban peso history for February 2024. The highest quote for this month is 1.2946 (01/02/2024) and the lowest 1.2901 (01/02/2024). The difference between high and low is 0.35.

LSL CUP average rate for February 2024 is 1.26363, the change between 01/02/2024 and 29/02/2024 is +3.96 %.

01 February 20241 LSL = 1.289 CUP
02 February 20241 LSL = 1.289 CUP
05 February 20241 LSL = 1.301 CUP
06 February 20241 LSL = 1.269 CUP
07 February 20241 LSL = 1.274 CUP
08 February 20241 LSL = 1.269 CUP
09 February 20241 LSL = 1.265 CUP
12 February 20241 LSL = 1.259 CUP
13 February 20241 LSL = 1.260 CUP
14 February 20241 LSL = 1.253 CUP
15 February 20241 LSL = 1.258 CUP
16 February 20241 LSL = 1.264 CUP
19 February 20241 LSL = 1.265 CUP
20 February 20241 LSL = 1.270 CUP
21 February 20241 LSL = 1.268 CUP
22 February 20241 LSL = 1.268 CUP
23 February 20241 LSL = 1.250 CUP
26 February 20241 LSL = 1.249 CUP
27 February 20241 LSL = 1.240 CUP
28 February 20241 LSL = 1.240 CUP
29 February 20241 LSL = 1.238 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.