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 Diners Club, MasterCard and Visa. 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 '04 | Aug '04 | Nov '04 | Feb '05 | | £1.00= | 12.51 | 11.90 | 11.05 | 11.44 | | $1.00= | 7.00 | 6.46 | 5.83 | 6.06 |
Banking hours
Mon-Tues and Thurs-Fri 0830-1530, Wed 0830-1300, Sat 0830-1100.
|