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 Corporation corporation to compare demand for health services with their cost to the patient. According to the 2005 annual report, "about one-half of RAND's research involves national security issues". Many of the events in which RAND plays a part are based on assumptions which are hard to verify because of the lack of detail on RAND's highly classified work for defense and intelligence agencies. The RAND Corporation posts all of its unclassified reports in full on its website. Over the last 60 years, more than 30 Nobel Prize winners have been involved or associated with the RAND Corporation at some point