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🇱🇸 LesothoBusiness

Lesotho central bank reminds businesses coins are legal tender

By , based on The Reporter (Lesotho)

Lesotho central bank reminds businesses coins are legal tenderIllustrative image · cottonbro studio · Pexels · Licence Pexels

The Central Bank of Lesotho reminds shops, retailers and transport operators that they must accept 10, 20 and 50 lisente coins, all considered legal tender. The obligation stems from Section 27 of its 2000 Act, according to the central bank.

The Central Bank of Lesotho (CBL) has reminded businesses, retailers and public transport operators that they must accept 10, 20 and 50 lisente coins, or risk breaching rules on means of payment. All coins denominated in maloti are legal tender, according to a CBL statement cited by The Reporter.

The central bank relies on Section 27 of the Central Bank of Lesotho Act of 2000, which requires businesses to accept these coins. The warning is aimed in particular at shops and public transport operators that refuse small-denomination coins, according to The Reporter.

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