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5 Maloti - Letsie III
| Issuer | Central Bank of Lesotho |
|---|---|
| Year | 1996-2010 |
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| Value | 5 Maloti |
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| Composition | Log in to see details |
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| Obverse description | The national coat of arms of Lesotho occupies the central field, depicting a crocodile on the shield, flanked by two rearing Basotho ponies serving as supporters, with a traditional Basotho hat (mokorotlo) and weapons above the shield. A scroll at the base of the arms bears the national motto in Latin lettering. The legend KINGDOM OF LESOTHO arcs along the upper periphery within a beaded border, while the date appears at the bottom of the field. |
|---|---|
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| Obverse lettering | KINGDOM OF LESOTHO KHOTSO PULA NALA 2010 |
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| Additional information |
The Central Bank of Lesotho introduced this denomination as part of a broader recoinage program following the death of King Moshoeshoe II in 1996 — Letsie III, who had briefly ruled once before under South African pressure only to be restored, now held the throne permanently. Lesotho's currency, the loti, remains pegged at parity with the South African rand under the Common Monetary Area agreement, meaning these coins circulated in a system where rand coins were equally legal tender.
The nickel clad steel construction replaced earlier brass issues as a cost-reduction measure common across southern African mints during the late 1990s.