Safeguarding monetary and financial stability.
Our History
The Central Bank of Lesotho (CBL) was established as the Lesotho Monetary Authority in 1978 under the Lesotho Monetary Authority Act. It commenced operations on January 2nd, 1980. In 1982, it was changed to the Central Bank of Lesotho (CBL) through an Act of Parliament. This change also expanded its functions and responsibilities.
In August 2000, the Central Bank of Lesotho Act of 2000 came into force, granting the CBL considerable autonomy. The Bank is an independent statutory institution with the mandate of achieving and maintaining price stability.
The CBL plays a crucial role in formulating and implementing monetary policy, issuing and managing the country’s currency, and supervising financial institutions. The CBL’s vision is to be a dynamic institution pursuing excellence in central Banking, while its mission is to support balanced macroeconomic development by maintaining monetary and financial system stability. The Bank operates with excellence, respect, diligence, integrity and a strong sense of accountability.
The CBL plays a crucial role in formulating and implementing monetary policy, issuing and managing the country’s currency, and supervising financial institutions. The CBL’s vision is to be a dynamic institution pursuing excellence in central Banking, while its mission is to support balanced macroeconomic development by maintaining monetary and financial system stability. The Bank operates with excellence, respect, diligence, integrity and a strong sense of accountability.
