III. Letsie (original name: David Mohato Bereng Seeiso) was born in 1963 and became the King of Lesotho in 1990 and then in 1996, her father, II. After Moshoeshoe's death. Lesotho's currency is the loti, which is divided into 100 licentiates and has a 1:1 exchange rate following the South African rand. Lesotho introduced its current circulation coins in 1979, which are 1, 2, 5, 10, 20 and 50 they include lisente and 1, 2 and 5 loti. In 1996, Lesotho did not mint new circulation coins, but issued some commemorative coins, for example, for the 1996 Olympic Games in Atlanta. In 1996, Lesotho coins III. It featured a portrait of King Letsie, as well as the coat of arms, denomination and year of issue. In the 1996s, Lesotho's coins were made of copper-nickel alloy, except for the commemorative coins, which were made of gold, silver or bronze.