The Central Bank of Lesotho (CBL) has officially unveiled a newly upgraded family of the national currency, the maloti, marking the introduction of the sixth series of banknotes in the country’s history.
The new series builds on earlier issues released in 1979, 1989, 1994, 2010, and 2021, reflecting Lesotho’s continued technological progress and commitment to preserving its cultural heritage.
Speaking at the launch held on Tuesday this week, CBL Governor Dr Emmanuel Maluke Letete said the upgrade was aimed at modernising the design of the banknotes while strengthening security features, improving durability, and aligning the currency with international best practices in cash management.
“The upgrade is intended to modernise the design, strengthen security features, improve durability, align the currency with current best practices in cash management, promote inclusivity, and preserve the national heritage,” Dr Letete said.
A key feature of the new series is the introduction of a hybrid composite substrate for the M50, M100, and M200 denominations. According to Dr Letete, the material blends polyester with the familiar texture of cotton, producing stronger and longer-lasting banknotes.
While the M10 and M20 denominations retain the traditional cotton substrate, they have been reinforced with a sisal thread to enhance strength and durability in circulation.
Security has also been significantly enhanced. The higher denominations now feature a rolling star security thread that displays shifting colours and patterns. “When tilted, the thread alternates between the letters ‘CBL’ and the note’s denomination. It is visually distinctive and extremely difficult to counterfeit,” Dr Letete explained.
The lower denominations incorporate an Anima thread, which appears broken but forms a continuous line when held to the light. The banknotes also display national symbols, including portraits of Kings, unity, and the Mokorotlo hat, reinforcing Lesotho’s identity.
Dr Letete added that the new notes promote inclusivity through tactile lines and raised printing to assist visually impaired users. Existing banknotes will remain legal tender and circulate alongside the new series until officially withdrawn through a legal notice.