As of 1 July 2022, the ISO 4217 code is SLE due to a redenomination of the old leone (SLL) at a rate of SLL 1000 to SLE 1. Sierra Leonean leone currency symbol: Le Sierra Leonean leone coins available: 10, 20, 50, 100, 500 leones Sierra Leonean leone banknotes available: 500, 1000, 2000, 5000, 10000 leones Sierra Leonean leone currency subunit: cent, 1 cent = 1/100 Sierra Leonean leone Sierra Leone has a cash-based society and bank or credit cards are only accepted in a few hotels in Freetown. Money. The currency code for Sierra Leonean Leones is SLL. The denominations of Sierra Leones bank notes are currently 1,000, 2,000, 5,000 and 10,0000 leone. The information does not usually identify you directly, but may provide you with a more personalized experience. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. This coin effectively replaced the one leone note. FACT 1: The currency of the Sierra Leone is the Sierra Leonean Leone. "The transition period of 1st July, 2022 to 30th September, 2022 (wherein both the Old Leone and the New Leone shall be legal tender) is hereby extended to 31st March, 2023," it said on social media, without elaborating. It was subdivided into 100 cents and was issued by the Sierra Leone Company.The dollar was pegged to sterling at a rate of 1 dollar = 4 shillings 2 pence.. It is subdivided into 100 cents. So much uncertainty, said a middle-aged civil servant, Mohamed Koroma. It is commonly known as the Second Leone to avoid confusion. to ARS, SLL 100.00 US dollars = 1766512.87 Sierra Leonean leones The worst day to change US dollars in Sierra Leonean leones was the Thursday, 24 February 2022. They are usually only set in response to actions you take and are equivalent to a request for services, such as setting your privacy preferences, language, logging in or filling out forms. Redenominated banknotes in the values of 1, 2, 5, 10, and 20 leones were introduced in 2022, the 20 leones being a new denomination and the 1-10 leones notes maintain the themes and designs of their preceding issues of 1,000-10,000 old leone notes. The green color represents the agricultural lands, the mountains, and the natural resources of the country. March 15, 2023 Sierra Leonean Leone currency conversion rate 1000 SLL = 0.05 USD, 1000 SLL = 0.05 EUR, 1000 SLL = 0.04 GBP & more at FNA - Lungi International Airport, Freetown, Sierra Leone with what is currency name . The second leone is recognised with the code SLE rather than SLL. The first leones had the depiction of Sir Milton Margai, the first prime minister of Sierra Leone. Daily science news on research developments and the latest scientific innovations, Medical research advances and health news, The most comprehensive sci-tech news coverage on the web. At the time of its introduction, 1 British West African pound was equal to 2 leones. These exchange rates indicate the success of the Sierra Leone economy compared to other African countries. A similar comparison shows that the average exchange rate of the euro to the leone throughout 2021 was around 1 EUR to 13,950 SLL. SLL and SLE are legal tender until March 2023, in accordance with ISO 4217 AMENDMENT NUMBER 173, which was released on September 23, 2022. Things to know about the Sierra Leonean leone The Sierra Leonean leone (SLL) is the official currency of Sierra Leone, a country located in West Africa. 1.00000 USD = 21727.50000 SLL. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. You can set your browser to block or warn you about these cookies, but some parts of the site will not work. The leone was introduced in 1964 to replace the British West African pound. It is authorised and regulated by theFinancial Conduct Authority, No: 542574. The old and new notes both remain in circulation for the moment. Today, the faces on the currency are different. We use the mid-market rate for our Converter. Prior to June 2010, bank notes in circulation were 500, 1000, 2000, 5000 and 10,000 leones. During the British colonial rule, the Blue Ensign of the United Kingdom was flown to represent Sierra Leone. Get The Best Currency Rates Via Monito Sierra Leonean Leone to United States Dollar conversion - Last updated Apr 12, 2023 22:22 UTC Result 0.000057 United States Dollar 1 SLL = 0.000057. Send a cheap money transfer to the United States, Send a cheap money transfer to the United Kingdom, Send a cheap money transfer to New Zealand, Get a SLL currency data API for my business. The leone is subdivided into 100 cents, but due to inflation, and the low relative value of the leone, denominations in cents are not used anymore. Numeric: 694 List of all currencies. [1] The leone is abbreviated as Le placed before the amount. The new bank notes are: Le10,000, Le5,000, Le2,000 and Le1,000. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. The currency code for Nigerian Nairas is NGN. As of 23 Oct 2018, 20,000 leones were equivalent to about 2.09 EUR. The former British colony ranks 182 out of 189 countries on the United Nations's Human Development Index. Sending money abroad is as easy as ever. The National Flag of Sierra Leone is a tricolor featuring three equal horizontal bands of light green (top), white, and light blue. The transition period was due to end on October 1, when the old leone ceased to be legal tender, but has now been extended for six months, the bank announced late Thursday. 1 Jul 2022 Sierra Leone is launching a re-denominated currency, knocking three zeroes off bank notes but keeping their value unchanged, its central bank has said. Agriculture has also become a major contributor the economy, accounting for approximately 52% of the countrys income. You won't receive this rate when sending money. The Central Bank of Sierra Leone has announced the redenomination of the country's currency "the leones". The currency symbol is $. Check live rates, send money securely, set rate alerts, receive notifications and more. The adult literacy rate of Sierra Leone increased from 34.8% in 2004 to 43.2% in 2018, growing at an average annual rate of 13.18%. The currency code for Leones is SLL, and the currency symbol is Le. It's code is SLL & its symbol is Le. Below, you'll find Sierra Leonean Leone rates and a currency converter. 3 That's it Since 1974, various coins have been introduced inspired mostly by the changing face of leadership and government. and Terms of Use. Section 30 of the Bank of Sierra Leone Act 2019. Efforts at rebuilding were set back by an Ebola epidemic in 2014-2016, a fall in world commodity prices, the coronavirus epidemic and the war in Ukraine. Located on the west coast of Africa, Sierra Leone is home to beautiful white beaches and a uniquely wonderful culture. The Bank of Sierra Leone introduced a series of banknotes, including the 1, 2, and 5 leones, to officially replace the British West African pound. Following a period of economic collapse and the following Sierra Leone Civil War inflation became rampant, devaluing older coins. For several decades, the British continued to wield power in the region. You can send money to Sierra Leone from our agents, branches, online or through our app. 1 SLL = 0.0000459168 USD. Use this form if you have come across a typo, inaccuracy or would like to send an edit request for the content on this page. Here we'll be exploring everything you need to know about the currency of Sierra Leone. August 2022 Protests in Sierra Leone: The Special Investigation Committee Report, Yulisa Ahmadu Foundation sets to sponsor free legal services for 20 first-time offenders. It's important for you to consider the current Financial Service Guide (FSG), Product Disclosure Statement ('PDS'), Account Terms and any other relevant OANDA documents before making any financial investment decisions. In 2004, 500 leone coins were introduced. It is subdivided into 100 cents. The lyrics of the anthem have been authored by Clifford Nelson Fyle. Mining in diamond and other minerals has become one of the most dependable economy builders in Sierra Leone. With the introduction of the new leone, coins were re-issued in denominations of 1, 5, 10, 25, and 50 cents. Click on the drop-downs to select the currencies you want to convert between. The dollar was a currency issued in Sierra Leone between 1791 and 1805. Simply type in the box how much you want to convert. In the early years of the leone, the size and look of the coins were based on the British West African versions. The Bank of Sierra Leone controls the currency. to MXN, SLL Because we respect your right to privacy, you can choose not to allow some types of cookies. More US Dollar info SLE - Sierra Leonean Leone CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. Our currency converter will show you the current rate and how its changed over the past day, week or month. In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. The Leone became the official currency of Sierra Leone in 1964, after the government decided to replace the British West African Pound at a 2:1 rate. Ten sided, bimetallic 500 leones coins were first introduced in 2004. The hills and the valleys re-echo our cry; We pray that no harm on thy children may fall. Below, you'll find Sierra Leonean Leone rates and a currency converter. You might be using an unsupported or outdated browser. This practice ended with the ascension of the NPRC regime and has remained so despite the return to civilian government. These currency charts use live mid-market rates, are easy to use, and are very reliable. OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 3, 18 St. Swithin's Lane, London EC4N 8AD. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. Wrapped up in the history of the leone are the events of the twentieth century. Information provided on Forbes Advisor is for educational purposes only. As of July 2022, Sierra Leone has had a new currency. More Sierra Leonean Leone info NGN - Nigerian Naira Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. Set an alert now, and well tell you when it gets better. 10 to 500 leone coins of the old leone (SLL), For an earlier Sierra Leone currency, see, Learn how and when to remove this template message, "Data Standards, ISO 4217 - Currency Code Maintenance: Get the Correct Currency Code", "List One: Currency, fund and precious metal codes", "List Two: Fund codes registered with the Maintenance Agency", "List Three: Codes for historic denominations of currencies and funds", "Sierra Leone launches re-denominated currency to strengthen value", "Sierra Leone to cut three zeros from currency", Sierra Leone resized note family confirmed, "20,000 SLL to USD - Sierra Leonean Leones to US Dollars Exchange Rate", https://en.wikipedia.org/w/index.php?title=Sierra_Leonean_leone&oldid=1148332666. Thank you for taking time to provide your feedback to the editors. Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. This means that SLL 10, 000 will be SLL 10, and this will be equivalent to one US dollar. As of 1 July 2022, the ISO 4217 code is SLE due to a redenomination of the old leone (SLL) at a rate of SLL 1000 to SLE 1. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. The original series of notes (1964-1974) depicted the famous 300 year old Cottonwood Tree and Court building in central Freetown. Bronze Sierra Leone coin with image of King George III, dated 1808. The currency symbol is Le. 50 cents notes were introduced in 1979, followed by 10 leones in 1980 and 20 leones notes in 1982. to IQD. The currency of Sierra Leone is the Leone. This means SLL 10,000 will be SLE 10. Banks operate with their own exchange rates. However, inner turmoil within the country, including the civil war, means the leone has not developed as a strong currency. Originally called Shillings, the unit name "Leone" was finally decided upon. It is authorised and regulated by the Malta Financial Services Authority. Authorities have said the change will make it easier to carry cash and use it for payments. The economic growth of the country has been relatively slow because of poor government and the impact of the civil war, as well as the decline in mining. The leone is only used in Sierra Leone. to BRL, SLL Trade with other countries in the region has helped to improve the fortune of the leone. The official currency of Sierra Leone (country code: SL) is the Sierra Leonean leone, with symbol Le and currency code SLL. Gold. This change is applicable under Section 30 of the Bank of Sierra Leone Act 2019. Similarly, during this same period, the average exchange rate of the Leone to the West African CFA franc has been hovering around 1 XOF to 21 SLL. Wise US Inc is authorized to operate in most states. There are a few ATMs in the capital, but they are often out of cash. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. Sierra Leonean Leone The USDSLL spot exchange rate specifies how much one currency is currently worth in terms of the other. to GBP, SLL The currency code for Leones is SLL, and the currency symbol is Le. It was defaced with the coat of arms of the territory. They include Bai Bureh, a Sierra Leone ruler who fought against British rule and Sengbe Pieh, a man of the Mende people who led a slave revolt on the Spanish slave ship La Amistad. On July 1, the West African country stripped three noughts off its banknotes in a bid to restore confidence in the inflation-hit currency, the leone. Country of Circulation: Sierra Leone Currency Code, Symbol: SLL, Le Denominations of coins in circulation: 10, 50, 100, 500 leones Denominations of banknotes in circulation: 1,000, 2,000, 5,000, 10,000 leones History: The leone is a currency used and issued within one state - Sierra Leone. Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. The 10 cent coin was issued in 1805 (reverse sides). We use the mid-market rate for our Converter. Over the last 7 days, the best beneficial exchange rate was Le17,665.00. The currency converter below is easy to use and the currency rates are updated frequently. The National Coat of Arms of Sierra Leone was adopted in 1960. We raise up our hearts and our voices on high. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. part may be reproduced without the written permission. Currency: Convert to: Amount: Reverse . The new Leone, as the new currency will be called, will be valued at around 10 to the US dollar, Kelfala Murana Kallon, the bank's governor, told reporters. Copyright 2022 SMALL WORLD FINANCIAL SERVICES GROUP LIMITED. Old leone denominations remained legal tender and continued to circulate. But critics, including the main opposition All Peoples Congress party, said the re-denomination was confusing and added no value. Click here to sign in with The British determined the borders of Sierra Leone in 1895 and declared it as a British Protectorate. Your email address is used only to let the recipient know who sent the email. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. The new 10-leone note is the equivalent of 10,000 old leones and is worth around 70 US cents. 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