100 Maloti

Lesotho's currency has been pegged at par with the South African rand since 1980 under the Common Monetary Area arrangement, which means the maloti circulates alongside rand in daily use — the 100 maloti note effectively competes with a foreign denomination most Basotho regard as equally reliable. That dynamic keeps demand for high-value maloti notes modest, and worn examples of this series are harder to find than the mintage might suggest.

De La Rue's involvement here is routine for the series, though the hologram strip introduced in this date range reflects an upgrade prompted by counterfeiting pressure on southern African currencies generally, not any specific incident targeting Lesotho's notes.