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50 Maloti

Issuer Central Bank of Lesotho
Year 1992-1993
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Currency Loti (1980-date)
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Signature(s) E.L. Thoahlane / Dr. A.M. Maruping
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Protection description King Moshoeshoe I portrait watermark; embedded security thread
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Comments

The 1992–1993 series marked a significant consolidation of Lesotho's currency program under the Multilateral Monetary Area arrangements, which formally tied the Maloti to the South African Rand at par — a peg that has held without interruption. De La Rue's involvement goes back to the kingdom's earliest independent issues; this note is part of a long and relatively quiet printing relationship between the two.

The P#14 signature pairing — Thoahlane as Governor with Maruping as Principal Secretary of Finance — is specific to this brief two-year window. Signature combinations on Lesotho notes from this period are the primary dating tool, as the underlying plate design changed little across successive issues.

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