Sierra Leone Currency. You may lose more than you invest (except for OANDA Europe Ltd retail customers who have negative balance protection). The reverses showed Diamond Mining (1 Leone), a Village market scene (2 Leones) and the Dockside in Freetown (5 Leones). Coins are rarely used, but because they have so little value. Register now. Sierra Leone's economy has suffered over the past years; from austerity measures to the COVID 19 pandemic, the impact is hitting hard on all facets of life. Here are a few things to know about the Sierra Leonean leone: It also came amid efforts to strengthen the tumbling leone, which is now fluctuating at about 13,000 to the dollar. Trade with other countries in the region has helped to improve the fortune of the leone. Years of high inflation have caused the value of leone to plummet, and a U.S. dollar became worth thousands of leones starting in the 2000s. The currency of Sierra Leone is the Leone. As of 23 Oct 2018, 20,000 leones were equivalent to about 2.09 EUR. 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 Sierra Leonean Leone is the currency of Sierra Leone. part may be reproduced without the written permission. Converted to. 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. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. The leone was introduced on 4 August 1964. Welcome to the page of Sierra Leone Leone (SLL) Exchange Rate (Sierra Leone Leone Currency Conversion). You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. The Bank of . Our smart tech means were more efficient which means you get a great rate. Section 30 of the Bank of Sierra Leone Act 2019. The leone is recognised by the abbreviated symbol: Le, and the international currency code has recently changed from SLL to SLE. The portrait of Stevens also appeared on a new, slightly smaller series of coins introduced in 1980 in denominations of 12, 1, 5, 10 and 20 cents. Subsequent issues (1974-1991) depicted the head of state during the time of issue. It doesn't seem very clear, but the government assures everyone it is a move designed to improve the country's economic outlook. Octagonal nickel-bronze one leone coins were also introduced in 1980. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. With the introduction of decimal currency in 1964, a new series of Banknotes was introduced by the Bank of Sierra Leone. Check send rates. It is authorised and regulated by theFinancial Conduct Authority, No: 542574. to GEL, SLL This is very much needed given the extreme volatility in global currencies lately. History [ edit] The leone was introduced on 4 August 1964. 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. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. In 1972, new 50 cents leone coins were introduced that depicted the image of the first president of Sierra Leone, Dr Siaka Stevens. to UAH, SLL The leone was also equivalent to 10 shillings. In 1996, when the period of inflation ended, new coins where issued for 10, 50 and 100 leones. To boost its circulation, it replaced the one leone note. So much uncertainty, said a middle-aged civil servant, Mohamed Koroma. The currency converter below is easy to use and the currency rates are updated frequently. Click on the drop-downs to select the currencies you want to convert between. The Sierra Leonean leone was created on August 4, 1964, after the abandonment of the British West African pound. 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. The leone is the currency of Sierra Leone. Banks operate with their own exchange rates. Sierra Leonean Leone Summary Forecast Stats Alerts The USDSLL decreased 21.4000 or 0.10% to 21,324.6000 on Thursday April 6 from 21,346.0000 in the previous trading session. In 1914, Sierra Leone was allowed to have its coat of arms. We use the mid-market rate for our Converter. 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. It helps to compare the leone to other major currencies around the world. Analyze historical currency charts or live Sierra Leonean Leone / Sierra Leonean Leone rates and get free rate alerts directly to your email. The National Coat of Arms of Sierra Leone was adopted in 1960. This is a "fantasy" coin which was apparently minted . CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The music of the anthem have been composed by John Joseph Akar. However, inflation continues to erode the purchasing power of the leone, which has been accelerating since 2022. Welcome to the Sierra Leone Leone exchange rate & live currency converter page. Ten sided, bimetallic 500 leones coins were first introduced in 2004. 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. Traditionally it is symbolized as Le. The green color represents the agricultural lands, the mountains, and the natural resources of the country. Before independence from colonial rule, a new flag and coat of arms were designed and the flag was first hoisted at midnight of April 27, 1961 - the Independence Day for the country. These include cupro-nickel coins, such as the seven-sided one-leone coin which was introduced in 1976 to commemorate FAO (Food and Agriculture Organization). The currency code for Sierra Leonean Leones is SLL. All rights reserved. OANDA Asia Pacific Pte Ltd (Co. Reg. How To Find The Cheapest Travel Insurance, International Money Transfer: 5 Best Ways To Send Money, SLL 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. The content is provided for information purposes only. The currency is illustrated by the symbol Le and is partitioned into 100 cents. Simply type in the box how much you want to convert. [1] The leone is abbreviated as Le placed before the amount. The coins in current circulation include the Le 10, Le 50, Le 100 and the Le 500. The new bank notes are: Le10,000, Le5,000, Le2,000 and Le1,000. Specimen banknotes are issued to banks to familiarize the local inhabitants with any currency changes. These are the average exchange rates of these two currencies for the last 30 and 90 days. and Terms of Use. The leone was introduced in 1964 to replace the British West African pound. Past performance is not indicative of future results. or. Old leone denominations remained legal tender and continued to circulate. Receive daily email about the USD SLL exchange rate. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. 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 . We use the mid-market rate for our Converter. 1996 - 2022 OANDA Corporation. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. You can set your browser to block or warn you about these cookies, but some parts of the site will not work. Then in 1987, 1 leone coins were introduced with a portrait of General Joseph Saidu Momoh. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. Click here to sign in with The first leones had the depiction of Sir Milton Margai, the first prime minister of Sierra Leone. Both methods are quick, simple and secure. 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. Sierra Leonean Leone ranked as the 7 worst performing, The leone currency has depreciated against the USD by, Government of Sierra Leone Announces New Cabinet Reshuffle, SLFA announces four new artificial turf projects for Sierra, DIASPORA EVENT: Make Sierra Leone Famous Announces Lineup. For general inquiries, please use our contact form. Coins. The currency code for Sierra Leonean Leones is SLL. The anthem was officially adopted on April 27, 1961. Of the four coins in circulation, only the 100 leones is available in small quantity due to their low valuation and shortage of supply. It is the official legal tender in Sierra Leone, which means it is officially recognized by the Sierra Leonean government, and you can use it to settle all financial obligations in the country, including paying for goods, services, taxes, and debts. The dollar was a currency issued in Sierra Leone between 1791 and 1805. No: 0325821. The currency symbol is . This requires even more education to be done so as to ensure there is clarity in the process without ambiguity. Wrapped up in the history of the leone are the events of the twentieth century. Currency: Convert to: Amount: Reverse . You wont receive this rate when sending money. 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. The public will be able to swap the old currency for the new one between April 1 and 15, 2023, it said. The costs associated with this exercise may include: OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. In 1987, octagonal, nickel-bronze 1 leone coins were introduced with a bust portrait of General Joseph Saidu Momoh. Our currency converter will show you the current rate and how its changed over the past day, week or month. There have been some changes recently, so it is important to explore them and understand the best time to send money to Sierra Leone or when to exchange cash. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Amount. President Julius Maada Bio introduced the re-denominated currency this summer in a bid to stop its freefall. According to a draft press release, the last three zeros in the currency will be dropped. Compare exchange rates How to convert US dollars to Sierra Leonean leones 1 Input your amount Simply type in the box how much you want to convert. These currency charts use live mid-market rates, are easy to use, and are very reliable. The Leone was first introduced on August 4, 1964, and it replaced the British West African Pound. The best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. All Rights Reserved. Your feedback is important to us. The exchange rates on Currency World are midrates, and must not be taken as financial advice. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. It is a psychological boost knowing that the leone has appreciated against the dollar, at least on the face of it, university student Ibrahim Mattia told Reuters. . It's code is SLL & its symbol is Le. All other trademarks appearing on this Website are the property of their respective owners. According to a draft press release, the last three zeros in the currency will be dropped. The blue-white wavy bars at the base of the shield represent the seas. Located on the west coast of Africa, Sierra Leone is home to beautiful white beaches and a uniquely wonderful culture. The white color symbolizes unity and justice. Thank you for taking time to provide your feedback to the editors. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. After considering (and subsequently rejecting) several new designs, including a particularly attractive multi-coloured design, notes were issued in the 1, 2 and 5 Leone denominations. to IQD. The information you enter will appear in your e-mail message and is not retained by Tech Xplore in any form. to GBP, SLL These are the highest points the exchange rate has been at in the last 30 and 90-day periods. As per law, the Bank of Sierra Leone is expected to give three months notice to the populace with regards the introduction of the new currency. We hope this information will help you make informed decisions when you travel or if you need to send money to those based in the country. Apr 18, 2023 13:26 UTC, 98+ currencies available to transfer to 130+ countries, Initiate transfers 24 hours a day, 7 days a week, Xe offers low to no fees on money transfers, Direct debit, wire transfer, debit card, credit card & Apple Pay, Money transfers up to 8x cheaper than traditional banks, Related: International Money Transfer: 5 Best Ways To Send Money, 1 SLL = 0.000057 Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. The notes remained relatively stable during economic upheavals. Our smart tech means were more efficient which means you get a great rate. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Throughout this period the value of the currency was fixed and remained relatively stable despite inherent economic problems. It is one of the weakest currencies in the. For several decades, the British continued to wield power in the region. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. With the introduction of the new leone, coins were re-issued in denominations of 1, 5, 10, 25, and 50 cents. Sending money to Sierra Leone is easy with Small World's international money transfer service. The 10 cent coin was issued in 1805 (reverse sides). 1.00000 USD = 21727.50000 SLL. Silver coins issued by the Sierra Leone Company beginning in 1791. Coins Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. 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. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. For example, by comparing the leone to the currencies of other African nations like Nigeria and other major countries like the US, you can get a good idea about the worth of the leone and the health of the Sierra Leone economy. The currency code for Leones is SLL, and the currency symbol is Le. Below, you'll find Sierra Leonean Leone rates and a currency converter. However, no date has been set yet for the commencement of this change. The currency code for Leones is SLL, and the currency symbol is Le. 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. Check live rates, send money securely, set rate alerts, receive notifications and more. Keep in mind that conversions to the second leone (SLE) are not easily found as it is such a new currency, but it is still possible to explore the old conversion rates. Originally called Shillings, the unit name "Leone" was finally decided upon. Sierra Leonean Leone to United States Dollar conversion - Last Learn more today. Sierra Leone on Friday introduced a new family of banknotes, stripping three zeros off the leone, in a bid to restore confidence in the inflation-hit national currency. 1 SLL = 0.000000029 XAU. This practice ended with the ascension of the NPRC regime and has remained so despite the return to civilian government. Show forth the good that is ever in thee. If you have loved ones in Sierra Leone or you're thinking of moving there yourself, learning about the currency can greatly improve your knowledge of the country. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. Sierra Leone Leone Overview The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. These early coins included the portrait of the first president of Sierra Leone. In 2004, 500 leone coins were introduced. The currency code for Nigerian Nairas is NGN. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. In 1996, coins of 10, 50, and 100 leones were introduced. The currency in Sierra Leone is the leone. 1 leone is devided into 100 Cents. Numeric: 694 List of all currencies. to BRL, SLL 100 leones notes were introduced in 1988, followed by 500 leones in 1991, 1000 and 5000 leones in 1993, 2000 leones in the year 2000 and 10,000 Leone in 2004. This coin effectively replaced the one leone note. These exchange rates indicate the success of the Sierra Leone economy compared to other African countries. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. Sierra Leone has a cash-based society and bank or credit cards are only accepted in a few hotels in Freetown. Create a chart for any currency pair in the world to see their currency history. The former British colony ranks 182 out of 189 countries on the United Nations's Human Development Index. This site uses cookies to assist with navigation, analyse your use of our services, collect data for ads personalisation and provide content from third parties. In 1974, round cupro-nickel one leone coins were introduced and in 1976, seven sided cupro-nickel 2 leone coins commemorating FAO were introduced. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. to AED, SLL The neighbouring countries like Liberia and Guinea use their own unique currencies, and many of the surrounding West African countries use the West African CFA franc. The second leone is recognised with the code SLE rather than SLL. Authorities have said the change will make it easier to carry cash and use it for payments. It is authorised and regulated by the Malta Financial Services Authority. They also let us know what pages and screens are most useful for our users, These cookies will use this information with an anonymous hashed id which links the users browser to information which contains the behaviour the user has displayed, to build a profile based on the users interests to serve more relevant advertising content, First transaction is FEE FREE. The Blue Ensign used here was now modified to incorporate the new emblem. The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. [3] The new leone was eventually introduced in July 2022. 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. Select a currency SLL - Sierra Leonean Leone More Nigerian Naira info 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. 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. High We Exalt Thee, Realm Of The Free is the national anthem of Sierra Leone. It is subdivided into 100 cents. As of July 2022, Sierra Leone has had a new currency. The British determined the borders of Sierra Leone in 1895 and declared it as a British Protectorate. Over the last 7 days, the best beneficial exchange rate was Le17,665.00. 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 currency is illustrated by the symbol Le and is partitioned into 100 cents. At the time of its introduction, 1 British West African pound was equal to 2 leones. The brown 200-leone notes feature Isaac Theophilus Akunna Wallace-Johnson on one side and a picture of the Bank of Sierra Leone in Freetown on the other. In 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. Sierra Leone delays full switchover to new currency Sierra Leone. As of 19 April 2021, 20,000 leones were equivalent to about 1.62 EUR.[5]. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. There are also 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 keep the themes and designs of their preceding issues of 1,000 to 10,000 old Leone notes. to ANG, SLL to EUR, SLL Dove flying over the map of Sierra Leone, This page was last edited on 5 April 2023, at 14:45. You should . 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. 3 That's it Please select the most appropriate category to facilitate processing of your request. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. Sierra Leonean Leone The USDSLL spot exchange rate specifies how much one currency is currently worth in terms of the other. 21,778 .525 Sierra Leonean Leones. Financial transactions with the West African country have been suspended since Wednesday in preparation for the re-calibration of the leone currency, Central Bank Governor Kelfala Murana Kallon told Reuters. XAU 34921419. [4] Coins are still used, but because of their low value are less common. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. The blue color represents the sea and the natural harbor in Freetown. The leone is only used in Sierra Leone. The Central Bank of Sierra Leone has announced the redenomination of the countrys currency the leones. Coins of , 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai. to XRP, SLL Check the currency rates against all the world currencies here. It is subdivided into 100 cents. 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. 10,000 leones notes were in circulation for less than ten years and were infrequently encountered. The transition to the leone enabled the people of Sierra Leone to have their currency. to COP, SLL Bronze Sierra Leone coin with image of King George III, dated 1808. updated The currency symbol is $. It is commonly known as the Second Leone to avoid confusion. The country is one of the biggest contributors of rutile, a titanium mineral. Apart from any fair dealing for the purpose of private study or research, no The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). The design and composition were strongly influenced by the colonial state currency of British West Africa. Money. This information may be about you, your preferences or your device, and is used primarily to make the website or application work as expected. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. This means that SLL 10, 000 will be SLL 10, and this will be equivalent to one US dollar. You can read more about this in our Cookies Policy, These cookies are required for the website or application to function and cannot be disabled on our systems. The information does not usually identify you directly, but may provide you with a more personalized experience. The average exchange rate of the US dollar to the Leone during 2021 was 1 USD to 13,891 SLL. You can send money to Sierra Leone from our agents, branches, online or through our app. The old and new notes both remain in circulation for the moment. This is for informational purposes only. In June 2010, the Bank of Sierra Leone issued new notes which were slightly smaller in size than the earlier series and intended to be more secure and durable. Powering commercial grade rates at 300+ companies worldwide. Your financial situation is unique and the products and services we review may not be right for your circumstances. The current series of leone banknotes features significant figures in the history of Sierra Leone. Click on the different category headings to learn more and change your default settings. The Sierra Leone Leone (SLL) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT. Agriculture has also become a major contributor the economy, accounting for approximately 52% of the countrys income. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. The Central Bank of Sierra Leone is in charge of issuing and distributing the currency. In 2010, the official bank of the country, The Bank of Sierra Leone, introduced much more durable Le10,000, Le5,000, Le2,000 and Le1,000 banknotes. Information provided on Forbes Advisor is for educational purposes only. These documents can be found here. These coins were made from nickel-plated steel, and included portraits and symbols of the most influential figures in the country's political history.