AED to LSL

AED - United Arab Emirates Dirham (د.إ.‏)
LSL - Lesotho Loti (LSL)
1 AED1 LSL

Currency conversion rates from AED to LSL

AEDLSL
1 AED1 LSL
5 AED5 LSL
10 AED10 LSL
20 AED20 LSL
50 AED50 LSL
100 AED100 LSL
250 AED250 LSL
500 AED500 LSL
1000 AED1000 LSL
2000 AED2000 LSL
5000 AED5000 LSL
10000 AED10000 LSL
LSLAED
1 LSL1 AED
5 LSL5 AED
10 LSL10 AED
20 LSL20 AED
50 LSL50 AED
100 LSL100 AED
250 LSL250 AED
500 LSL500 AED
1000 LSL1000 AED
2000 LSL2000 AED
5000 LSL5000 AED
10000 LSL10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


LSL - Lesotho Loti (LSL)

Lesotho Loti

The Loti is the official currency of the Kingdom of Lesotho. It is divided into 100 lisente. The Loti is pegged to the South African Rand on a 1:1 ratio by the Common Monetary Area, and both currencies are accepted as legal tender in Lesotho.

The Lesotho Loti is the currency in Lesotho (LS, LSO). The symbol for LSL can be written L, and M. The Lesotho Loti is divided into 100 lisente. The exchange rate for the Lesotho Loti was last updated on May 24, 2019 from Yahoo Finance. The LSL conversion factor has 5 significant digits.

Economy

  • Lesotho’s economy is based on manufacturing, livestock, agriculture, and the wages of laborers who work in South Africa.
  • Water is Lesotho’s most important source of economic stability. It is being developed through a 30-year, multi-billion dollar project, the Lesotho Highlands Water Project (LHWP), that started in 1986.
  • Lesotho has received economic assistance from many sources, including the United States, World Bank, United Kingdom, European Union, and Germany.
  • Lesotho is a member of the Southern African Customs Union (SACU), whose purpose is to control tariffs on the trading of goods among the member countries. There is also a general currency unit and trade control area known as the Rand Monetary Area, which uses the South African rand.

History

  • The Loti was first introduced in 1966 as a non-circulating currency.
  • Lesotho issued its first coins, denominated in both Loti and lisente, in 1980. These replaced the South African Rand as legal tender.
  • In 1980, Lesotho introduced the Loti as its own currency unit. One hundred lisente is equal to one Loti. The Loti is also equal with the South African Rand.
  • In 1980, coins dated 1979 were issued 1, 2, 5, 10, 25 and 50 lisente denominations, as well as 1 Loti.
  • In 1996, Loti coins were introduced in denominations of 2 and 5, followed by 20 lisente in 1998.

More information about LSL - Lesotho Loti (LSL)