Economy of Lesotho Swaziland, Namibia, and South Africa also form a common currency and exchange control area known as the Rand Monetary Area that uses the South African rand as the common currency. In 1980, Lesotho introduced its own currency, the loti (plural: maloti). One hundred lisente equal one loti. The Loti is at par with the rand. Until the political insecurity in September 1998, Lesotho's economy had grown steadily since 1992. The riots, however, destroyed nearly 80% of commercial infrastructure in Maseru and two other major towns in the country, having a disastrous effect on the country's economy. Nonetheless, the country has
Rand Group officials with the Mongolian government on applications of business technology to their petroleum and natural resource industry as part of a five-day workshop put on by the US Department of Commerce. Rand Group was formed in 2003 by the acquisition of the technical consulting division of Hein & Associates LLP, a regional accounting firm. Between 1996 and 2003, prior to the formation, the same management team provided the same service offering at Hein. Rand Group received Gold Partner status in 2005, primarily as a result of its 90% client retention rate. Since 2004, Rand Group has consistently ranked in Accounting