Historic Lesotho loti Norwegian krone

Lesotho loti norwegian krone history for August 2023. The highest quote for this month is 0.58094 (25/08/2023) and the lowest 0.57503 (25/08/2023). The difference between high and low is 1.02.

LSL NOK average rate for August 2023 is 0.56184, the change between 01/08/2023 and 31/08/2023 is +0.41 %.

01 August 20231 LSL = 0.5666 NOK
02 August 20231 LSL = 0.5690 NOK
03 August 20231 LSL = 0.5763 NOK
04 August 20231 LSL = 0.5598 NOK
07 August 20231 LSL = 0.5548 NOK
08 August 20231 LSL = 0.5554 NOK
09 August 20231 LSL = 0.5618 NOK
10 August 20231 LSL = 0.5581 NOK
11 August 20231 LSL = 0.5645 NOK
14 August 20231 LSL = 0.5581 NOK
15 August 20231 LSL = 0.5605 NOK
16 August 20231 LSL = 0.5503 NOK
17 August 20231 LSL = 0.5572 NOK
18 August 20231 LSL = 0.5538 NOK
21 August 20231 LSL = 0.5569 NOK
22 August 20231 LSL = 0.5588 NOK
23 August 20231 LSL = 0.5592 NOK
24 August 20231 LSL = 0.5639 NOK
25 August 20231 LSL = 0.5711 NOK
28 August 20231 LSL = 0.5687 NOK
29 August 20231 LSL = 0.5699 NOK
30 August 20231 LSL = 0.5634 NOK
31 August 20231 LSL = 0.5643 NOK

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

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.

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.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.