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 McNally Rand McNally map, created using a new cost-saving wax engraving method, appeared in the December 1872 edition of its "Railroad Guide". Rand McNally became an incorporated business in 1873, with Rand as its president and McNally as vice president. The "Business Atlas", containing maps and data pertinent to business planning, was first published in 1876. The atlas is still updated today, now titled the "Commercial Atlas & Marketing Guide". The Trade Book department was established in 1877, publishing such titles as "The Locust Plague in the United States". Rand McNally began publishing educational maps in 1880 with its first line