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25 Maloti - Letsie III Central Bank
| Issuer | Central Bank of Lesotho |
|---|---|
| Year | 2005 |
| Type | Non-circulating coin |
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| Obverse description | At centre, the seal of the Central Bank of Lesotho depicted within a wreath of olive branches tied at the base with a ribbon; the seal incorporates a stylised globe with a horizontal band inscribed MALOTI, encircled by the legend CENTRAL BANK OF LESOTHO above and PANKA E KHOLO EA LESOTHO below. Above the seal, the Royal Arms of Lesotho surmounted by a crown appear in the upper field. The curved inscription 25th anniversary 1980-2005 runs along the upper periphery. A decorative border of raised beads frames the entire design. |
|---|---|
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| Edge | Reeded |
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| Additional information |
The 25 Maloti denomination sits well above everyday circulation value, placing this squarely in the commemorative category issued for foreign collector markets — a revenue strategy the Central Bank of Lesotho has relied on since the 1970s. Letsie III's path to the throne was anything but straightforward: he was first installed in 1990 when his father Moshoeshoe II was deposed by the military government, then himself deposed in 1995 to restore his father, then reinstated permanently after Moshoeshoe II died in a disputed horse-riding accident in 1996.