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
The RAND Journal of Economics journal in the spring of 1970 with the name The Bell Journal of Economics and Management Science. From 1975–1983 it was titled The Bell Journal of Economics. In 1984, after transfer to the RAND Corporation, it acquired its present name. The RAND Journal of Economics The RAND Journal of Economics (usually called Rand Journal or simply Rand ) is a peer-reviewed scholarly journal of economics published quarterly by Wiley-Blackwell on behalf of the RAND Corporation. The journal's purpose is "to support and encourage research in the behavior of regulated industries, the economic analysis of organizations, and more generally, applied microeconomics".