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200 Maloti

Issuer Central Bank of Lesotho
Year 1994-2001
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Currency Loti (1980-date)
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Obverse description Intaglio vignette of King Moshoeshoe I seated at left, draped in traditional attire and holding a staff, with a stylised rondavel hut visible behind him; the national arms rendered in a rosette guilloche underprint occupies the centre, surrounded by the legal tender inscription in a diagonal arc. The bank title CENTRAL BANK OF LESOTHO runs across the upper right, with the denomination numerals printed in contrasting colours at both upper left and lower right against an elaborate multicolour guilloche background.
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Reverse description Central intaglio vignette of two young shepherds in traditional Basotho blankets herding a large flock of sheep across a rocky highland landscape, with a dog visible at upper centre right. Denomination numerals appear at upper left and upper right corners against a multicolour guilloche and floral underprint, with wheat-ear motifs at lower left.
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Comments

The 200 Maloti was the highest denomination in circulation when Lesotho introduced this series in 1994, a period when the country's monetary policy remained tightly linked to South Africa through the Common Monetary Area — the Maloti pegged at par with the Rand, as it still is. De La Rue's production run covered nearly a decade, with at least two signature combinations across that span, suggesting routine administrative turnover rather than any reissue event.

The watermark remains the sole listed security feature, which was already lean for a high-value note by mid-1990s standards.

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