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
Glenn Rand Glenn Rand Glenn Rand (born in 1944 Cincinnati, Ohio, United States) is an American photographic artist, educator and writer. He has produced photographic art that has been included in public museum collections throughout the United States, Japan, and Europe. He has written twelve books on photography and contributed regularly to magazines. In 2009 the Photo Imaging Education Association (PIEA) presented him with its "Excellence in Education Award" for his insightful contributions to photographic education. After receiving his Bachelor of Art degree at Purdue University in 1966 with a Major in Humanities and Design, Rand continued on at Purdue acquiring a