History Development

The Central Bank of Lesotho (CBL) was first established as the Lesotho Monetary Authority in 1978, under the Lesotho Monetary Authority Act of 1978. It started its operations on January 2nd 1980. In 1982, through the Act of Parliament, the name Lesotho Monetary Authority was changed to the Central Bank of Lesotho (CBL) and additional functions and responsibilities were prescribed to the new institution. In August 2000, the Central Bank of Lesotho Act of 2000 came into force. This new Act has conferred considerable autonomy to the Central Bank and defines a singular objective for the Bank.

The Central Bank of Lesotho is a statutory organisation fully owned by the Government of Lesotho. The Central Bank enjoys a fair amount of independence in formulating and implementing monetary policy. The Governor, who is also the chairman of the Board of Directors, together with the two Deputy Governors, are appointed by His Majesty The King on the advice of the Prime Minister. The Minister of Finance appoints the other Board Members.

Financial Indicators

23 February 2018

Loti / US Dollar 11.5730
Loti / Euro 14.2325
Loti / Pound 16.1929
Loti / SDR 16.7615

  Monthly Inflation (%) 2016 to 2017

inflation 14022018

 Net International Reserves as on 19/02/2018


RESEARCH & SUPERVISION DATA