The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. By using our site, you acknowledge that you have read and understand our Privacy Policy President Julius Maada Bio introduced the re-denominated currency this summer in a bid to stop its freefall. However, the new currency is still known as the leone. The currency code for Leones is SLL, and the currency symbol is Le. 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. The original series of notes (1964-1974) depicted the famous 300 year old Cottonwood Tree and Court building in central Freetown. We raise up our hearts and our voices on high. 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 average exchange rate of the US dollar to the Leone during 2021 was 1 USD to 13,891 SLL. High We Exalt Thee, Realm Of The Free is the national anthem of Sierra Leone. In 1964, decimal coins were introduced in denominations of 12, 1, 5, 10 and 20 cents. In 1972, 50 cents coins were introduced which carried the portrait of the first president Dr. Siaka Stevens. You can send money to Sierra Leone from our agents, branches, online or through our app. to CAD, SLL OANDA Asia Pacific Pte Ltd (Co. Reg. The Bank of Sierra Leone controls the currency. 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. You should . You can set your browser to block or warn you about these cookies, but some parts of the site will not work. 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 to United States Dollar conversion - Last Subsequent issues (1974-1991) depicted the head of state during the time of issue. 1 SLL = 0.000000002 BTC. The information you enter will appear in your e-mail message and is not retained by Tech Xplore in any form. However, no date has been set yet for the commencement of this change. Your financial situation is unique and the products and services we review may not be right for your circumstances. The currency symbol is Le. You won't receive this rate when sending money. By selecting these links you will be redirected to OANDA Corporation webpages. 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. The white color symbolizes unity and justice. 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 currency code for Sierra Leonean Leones is SLL. Today, the faces on the currency are different. Click on the different category headings to learn more and change your default settings. 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. to AED, 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. 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. 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. With the introduction of decimal currency in 1964, a few years after independence, the unit name was originally called Shillings before the name Leone was finally chosen. Over the last 7 days, the best beneficial exchange rate was Le17,665.00. The best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. "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. to MXN, SLL OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Performance information may have changed since the time of publication. Ten sided, bimetallic 500 leones coins were first introduced in 2004. In 1914, Sierra Leone was allowed to have its coat of arms. The leone is an official national currency and used only in Sierra Leone. As of 19 April 2021, 20,000 leones were equivalent to about 1.62 EUR.[5]. The flag has a width-to-length ratio of 2:3. The blue color represents the sea and the natural harbor in Freetown. 1. usd. The dollar was a currency issued in Sierra Leone between 1791 and 1805. Click on the drop-downs to select the currencies you want to convert between. It is commonly known as the Second Leone to avoid confusion. The 50 leones is octagonal while the other two are round. The Leone was first introduced on August 4, 1964, and it replaced the British West African Pound. In 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. We wait to see where this cosmetic move leads us to amid the present hard economic climate.. However, the new currency is still known as the leone. Our smart tech means were more efficient which means you get a great rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Your first transfer online is always free of fees! These documents can be found here. The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). and Terms of Use. The current leone in circulation features important national figures and political leaders. Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. Create a chart for any currency pair in the world to see their currency history. The leone banknotes come in various colours, including red, brown, purple and a combination of blue and green on the 10,000 leone note. 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. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. Our smart tech means were more efficient which means you get a great rate. The currency code for Nigerian Nairas is NGN. The country is one of the biggest contributors of rutile, a titanium mineral. The leone was introduced in 1964 to replace the British West African pound. OANDA Europe Markets Limited is a company registered in Malta number C95813, and has its registered office at 11, SOHO Offices J Block, Savoy Gardens Triq dArgens, Gzira, Malta. or. On the red 1000 leone note, Bai Bureh, a Sierra Leone ruler from the 19th century is depicted alongside the Coat of Arms of 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. 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 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. Convert 1,000 SLL to GBP with the Wise Currency Converter. Information on this website is general in nature. 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. The currency symbol is $. Money. 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. 500 leones coins and the two lowest denominations are rarely encountered due to rampant metal theft in the impoverished country. There are a few ATMs in the capital, but they are often out of cash. Sierra Leonean Leone currency converter. Of the four coins in circulation, only the 100 leones is available in small quantity due to their low valuation and shortage of supply. The Sierra Leonean leone was created on August 4, 1964, after the abandonment of the British West African pound. As of July 2022, Sierra Leone has had a new currency. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. Silver coins issued by the Sierra Leone Company beginning in 1791. At that time the currency had reached its highest value. Your feedback is important to us. It is subdivided into 100 cents. Old leone denominations remained legal tender and continued to circulate. For general feedback, use the public comments section below (please adhere to guidelines). to IQD. SLL. Analyze historical currency charts or live Sierra Leonean Leone / Sierra Leonean Leone rates and get free rate alerts directly to your email. The public will be able to swap the old currency for the new one between April 1 and 15, 2023, it said. It's only used in Sierra Leone. The exchange rates on Currency World are midrates, and must not be taken as financial advice. And with our daily summaries, youll never miss out on the latest news. The current series of leone banknotes features significant figures in the history of Sierra Leone. The economy, which is heavily dependent on its diamonds and other mineral wealth, was devastated by a civil war that ran from 1991 to 2002 and left about 120,000 dead. Sierra Leone has a cash-based society and bank or credit cards are only accepted in a few hotels in Freetown. 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. The lyrics of the anthem have been authored by Clifford Nelson Fyle. Information provided on Forbes Advisor is for educational purposes only. Neither your address nor the recipient's address will be used for any other purpose. Simply type in the box how much you want to convert. CIF A82414046 ENTIDAD DE PAGO LIC BDE: 6824, When using any website or application, information may be stored or retrieved, mainly in the form of cookies. Thank you for taking time to provide your feedback to the editors. This information may be about you, your preferences or your device, and is used primarily to make the website or application work as expected. The currency symbol is . The 50 cent and one dollar pieces are dated 1791. Every time. updated This coin effectively replaced the one leone note. The official currency of Sierra Leone (country code: SL) is the Sierra Leonean leone, with symbol Le and currency code SLL. 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. It is authorised and regulated by the Malta Financial Services Authority. 1.00000 USD = 21727.50000 SLL. The official currency for Freetown is Sierra Leonean Leone and the below is today's foreign exchange rate at Freetown airport. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. The currency code for US Dollars is USD. Other banknotes such as the 100 (1988), 500 (1991), 1,000 and 5,000 (1993), 2,000 (2000) and 10,000 leones (2004) have since been introduced by the Bank of Sierra Leone in 2010. This means SLL 10,000 will be SLE 10. In the early years of the leone, the size and look of the coins were based on the British West African versions. All Rights Reserved. In 1972, new 50 cents leone coins were introduced that depicted the image of the first president of Sierra Leone, Dr Siaka Stevens. According to a draft press release, the last three zeros in the currency will be dropped. The currency symbol is Le. The content is provided for information purposes only. We pledge our devotion, our strength and our might. Refer to our legal section here. The transition to the leone enabled the people of Sierra Leone to have their currency. [3] The new leone was eventually introduced in July 2022. [1] The leone is abbreviated as Le placed before the amount. 1996 - 2022 OANDA Corporation. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. 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. 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.. Bronze Sierra Leone coin with image of King George III, dated 1808. 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. The Central Bank of Sierra Leone has announced the redenomination of the countrys currency the leones. Bills: 1,000, 2,000, 5,000, 10,000 leones. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. 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. Below, you'll find Sierra Leonean Leone rates and a currency converter. This is for informational purposes only. Shoppers needed huge quantities of the old banknotes for the simplest transactions, and unscrupulous bank tellers sometimes pilfered notes from sealed bundles of bills. The currency symbol is $. Sending money abroad is as easy as ever. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. The Sierra Leonean Leone is the national currency of Sierra Leone, a West African nation which declared independence from Britain in 1961. Section 30 of the Bank of Sierra Leone Act 2019. 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. 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. 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. The old and new notes both remain in circulation for the moment. Please select the most appropriate category to facilitate processing of your request. 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. Since 1974, various coins have been introduced inspired mostly by the changing face of leadership and government. However, the latter coin was less popular than lower denominations coins and circulated less frequently. It replaced the pound at a rate of 1 pound = 2 leone. The National Flag of Sierra Leone was officially adopted on April 27, 1961. How To Find The Cheapest Travel Insurance, International Money Transfer: 5 Best Ways To Send Money, SLL Convert Sierra Leonean Leone to US Dollar Stat and compare Good Time The table shows the data and analysis of the variations. Sierra Leone delays full switchover to new currency Sierra Leone. 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. The currency in Sierra Leone is the leone. The reverses showed Diamond Mining (1 Leone), a Village market scene (2 Leones) and the Dockside in Freetown (5 Leones). 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 Al Jazeera Centre for Public Liberties & Human Rights. The National Flag of Sierra Leone is a tricolor featuring three equal horizontal bands of light green (top), white, and light blue. Check live rates, send money securely, set rate alerts, receive notifications and more. FACT 1: The currency of the Sierra Leone is the Sierra Leonean Leone. Learn more today. Mining in diamond and other minerals has become one of the most dependable economy builders in Sierra Leone. Octagonal nickel-bronze one leone coins were also introduced in 1980. It is subdivided into 100 cents. [1] The leone is abbreviated as Le placed before the amount. to ANG, SLL Science X Daily and the Weekly Email Newsletter are free features that allow you to receive your favorite sci-tech news updates in your email inbox, Sierra Leone to suspend international flights over coronavirus, Study demonstrates the non-volatile electrical control of a 2D magnetic insulator using a thin ferroelectric polymer, Computer scientists create 'believable' human interactions in AI world of Smallville, Electromechanical resonators operating at sub-terahertz frequencies, A scalable strategy to synthesize purer and highly performing single-crystal cathodes, A review of existing studies investigating online romance fraud. 21,778 .525 Sierra Leonean Leones. These cookies help us make the correct choices of how we improve the performance of our website or application when we make changes and updates. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. 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Are rarely encountered due to rampant metal theft in the currency started devalue! Cent coin was less popular than lower denominations coins, branches, online or through app... Still known as the Second Leone to have its coat of arms cash-based society and Bank credit! The currencies you want to convert between of King George III sierra leone currency dated.! Was eventually introduced in 1964 to replace the British West African nation which declared independence from Britain 1961!