The Loti is the official currency of the Kingdom of Lesotho, and its name derived from the Sesotho language “loti”, which means mountain. It circulates alongside the South African rand through the Common Monetary Zone, and both are accepted as legal tender in Lesotho. The first issue of the Loti was made in 1966, although it was not considered a circulating currency until 1980 when the first loti coins were issued to replace the rand. Even so, the South African rand remains legal tender in the kingdom. The kingdom introduced the first banknote series in denominations of 2, 5 and 10 maloti in 1980, followed by 20 and 50 maloti in 1981 and 100 and 200 in 1994. In 2011, the Central Bank of Lesotho introduced a new banknotes series.
The 10 Lesotho maloti Namibian note front design features portraits of Letsie III (David Mohato Bereng Seeiso), King of Lesotho at the center, Moshoeshoe II (1938 – 1996), who was the Paramount Chief of Basutoland at the left and Moshoeshoe I (1776 – 1870) who was the first son of Mokhachane, a minor chief of the Bamokoteli lineage, at the right. The portrait is accompanied by the mokorotlo, a type of straw hat used in traditional dress in the kingdom and is also the national symbol of Lesotho, The National Coat of Arms, and the denomination. The reverse note side illustrates garden cosmos flowers on an African landscape background, the mokorotlo and the denomination in the Sesotho language. This note is part of the 2010 – 2013 series, and its color is red and lilac on a multicolor underprint.
Text: Central Bank of Lesotho, This note is legal tender for Ten Maloti, Governor, King Moshoeshoe II, King Letsie III, Morena Moshoeshoe I, Khotso, Pula, Nala, Maloti a Leshome, Maloti 10, 10, 2013.