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10 Maloti
| Issuer | Central Bank of Lesotho |
|---|---|
| Year | 1981 |
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| Currency | Loti (1980-date) |
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| Obverse description | Portrait of King Moshoeshoe II in military uniform occupies the right portion of the note, rendered in intaglio against a red guilloche underprint. At centre, the national coat of arms appears within a circular vignette, surrounded by the inscription THIS NOTE IS LEGAL TENDER FOR TEN MALOTI. The denomination numeral 10 appears at lower left and upper right, with the issuer title CENTRAL BANK OF LESOTHO across the top and two facsimile signatures below, identified as MINISTER OF FINANCE and GOVERNOR. |
|---|---|
| Obverse lettering | CENTRAL BANK OF LESOTHO THIS NOTE IS LEGAL TENDER FOR TEN MALOTI MALOTI MINISTER OF FINANCE GOVERNOR |
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| Comments |
Lesotho's first independent currency series launched in 1980, replacing the South African rand at par — a deliberate assertion of economic distance from Pretoria at a time when the kingdom was entirely surrounded by apartheid South Africa and heavily dependent on it. The Maloti had no meaningful exchange risk at introduction, but the political symbolism of the move was considerable for a country with essentially no monetary infrastructure of its own.
Bradbury Wilkinson printed the series out of New Malden until the firm was absorbed by De La Rue in 1990. The P#6 carries two signature combinations, suggesting at minimum two distinct issue runs across its print life.