24/06/2020: Rwandan Franc Devaluation
The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.
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.
03/12/2008: New Currency Series
A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.
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.
01/01/2004: East African Community
Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.
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.
03/12/1998: Currency Redenomination
The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.
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.
07/04/1995: Rwandan Genocide
The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.
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.
01/12/1973: Currency Reform
A currency reform was implemented, introducing a new series of Rwandan franc banknotes.
25/06/1964: Introduction of the Rwandan Franc
The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.