The currency converter below is easy to use and the currency rates are updated frequently. Welcome to the page of Sierra Leone Leone (SLL) Exchange Rate (Sierra Leone Leone Currency Conversion). Sierra Leone's 43-month ECF arrangement was approved on November 30, 2018 for SDR 124.44 million (about US$172.1 million at that time or around 60 percent of the country's quota), and extended by 12 months on July 27, 2021. 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. Thank you for taking time to provide your feedback to the editors. Al Jazeera Centre for Public Liberties & Human Rights. It lists the mutual conversions between the Australian dollar and other top currencies, and also lists the exchange rates between this currency and other currencies. You won't receive this rate when sending money. Originally called Shillings, the unit name "Leone" was finally decided upon. Send money online fast, secure and easy. In 1964, decimal coins were introduced in denominations of 12, 1, 5, 10 and 20 cents. Receive daily email about the USD SLL exchange rate. That blessing and peace may descend on us all; Knowledge and truth our forefathers spread. Convert 1,000 SLL to GBP with the Wise Currency Converter. During this period, older coins were effectively devalued, which led to the introduction of new coin denominations. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Sierra Leone Leone Overview The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. How To Find The Cheapest Travel Insurance, International Money Transfer: 5 Best Ways To Send Money, SLL Learn more today. 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 leone is recognised by the abbreviated symbol: Le, and the international currency code has recently changed from SLL to SLE. 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). Here are a few things to know about the Sierra Leonean leone: These officially replaced notes of the British West African pound at a two leone to one pound exchange ratio. In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). The leone was also equivalent to 10 shillings. The currency code for Sierra Leonean Leones is SLL. In 1972, 50 cents coins were introduced which carried the portrait of the first president Dr. Siaka Stevens. You may lose more than you invest (except for OANDA Europe Ltd retail customers who have negative balance protection). In 1996, when the period of inflation ended, new coins where issued for 10, 50 and 100 leones. Apart from any fair dealing for the purpose of private study or research, no 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. SLL. This is very much needed given the extreme volatility in global currencies lately. The green color represents the agricultural lands, the mountains, and the natural resources of the country. XAU 34921419. 1996 - 2022 OANDA Corporation. 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. 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. Simply type in the box how much you want to convert. This is a "fantasy" coin which was apparently minted . 10,000 leones notes were in circulation for less than ten years and were infrequently encountered. 1. usd. The first leone coins were introduced in 1964 in denominations of 20, 10, 5, 1, and cents. The currency is illustrated by the symbol Le and is partitioned into 100 cents. Amount. 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%. A year ago today, on this day, they provided the equivalent of $1.00 us dollars for Le12,000.75 leone, which is Le5,664.25 less than it is now. [4] Coins are still used, but because of their low value are less common. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. To boost its circulation, it replaced the one leone note. Since 1974, various coins have been introduced inspired mostly by the changing face of leadership and government. In 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. Bronze Sierra Leone coin with image of King George III, dated 1808. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. It is authorised and regulated by theFinancial Conduct Authority, No: 542574. For several decades, the British continued to wield power in the region. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, Flags, Symbols & Currency of Sierra Leone, Moments In History That Were The Most Terrible Mistakes, 13 Most Incredible Recent Archaeological Discoveries, These Are the Most Beautiful Cities In New York, The Best Small Towns To Retire In Southern California, Anthem Title: High We Exalt Thee, Realm Of The Free. The National Flag of Sierra Leone is a tricolor featuring three equal horizontal bands of light green (top), white, and light blue. Examples include the country's independence from the United Kingdom in 1961 and the Sierra Leone Civil War that began in 1991 and lasted until the twenty-first century. 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. Check live rates, send money securely, set rate alerts, receive notifications and more. Octagonal nickel-bronze one leone coins were also introduced in 1980. 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. Trading through an online platform carries additional risks. Refer to our legal section here. The music of the anthem have been composed by John Joseph Akar. [3] The new leone was eventually introduced in July 2022. Our smart tech means were more efficient which means you get a great rate. 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. At the time of its introduction, 1 British West African pound was equal to 2 leones. Copyright 2022 SMALL WORLD FINANCIAL SERVICES GROUP LIMITED. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. Information provided on Forbes Advisor is for educational purposes only. Coins of , 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai. More US Dollar info SLE - Sierra Leonean Leone 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. The 50-cent coin was introduced in 1972 and included a similar design to the first coins, but included a portrait of Sierra Leone's second president. It's only used in Sierra Leone. In 1914, Sierra Leone was allowed to have its coat of arms. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Located on the west coast of Africa, Sierra Leone is home to beautiful white beaches and a uniquely wonderful culture. [1] The leone is abbreviated as Le placed before the amount. 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. It is subdivided into 100 cents. The currency code for Nigerian Nairas is NGN. These cookies do not store any personally identifiable information, These cookies will help us offer you a better user experience, allow us to count visits and determine where users are coming from. It helps to compare the leone to other major currencies around the world. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. According to a draft press release, the last three zeros in the currency will be dropped. Past performance is not indicative of future results. Below, you'll find Sierra Leonean Leone rates and a currency converter. Prior to June 2010, bank notes in circulation were 500, 1000, 2000, 5000 and 10,000 leones. 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. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. to GBP, SLL We raise up our hearts and our voices on high. These currency charts use live mid-market rates, are easy to use, and are very reliable. Your financial situation is unique and the products and services we review may not be right for your circumstances. The original series of notes (1964-1974) depicted the famous 300 year old Cottonwood Tree and Court building in central Freetown. This meant that most transactions took place in bundles of 5000 leones notes. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. However, inner turmoil within the country, including the civil war, means the leone has not developed as a strong currency. Agriculture has also become a major contributor the economy, accounting for approximately 52% of the countrys income. Our smart tech means were more efficient which means you get a great rate. The currency of Sierra Leone is the Leone. Then in 1987, 1 leone coins were introduced with a portrait of General Joseph Saidu Momoh. 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. These coins were made from nickel-plated steel, and included portraits and symbols of the most influential figures in the country's political history. 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. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. 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. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. The Sierra Leonean Leone is the national currency of Sierra Leone, a West African nation which declared independence from Britain in 1961. It also came amid efforts to strengthen the tumbling leone, which is now fluctuating at about 13,000 to the dollar. Click here to sign in with New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. 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. The current series of leone banknotes features significant figures in the history of Sierra Leone. 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. The 10 cent coin was issued in 1805 (reverse sides). It is composed of two rampant lions supporting a coconut tree and shield. Select a currency SLL - Sierra Leonean Leone All rights reserved. We wait to see where this cosmetic move leads us to amid the present hard economic climate.. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. The 10 cents coin was issued in 1805 (front sides). 21727.50. sll. The leone banknotes come in various colours, including red, brown, purple and a combination of blue and green on the 10,000 leone note. In 1996, coins of 10, 50, and 100 leones were introduced. to BTC, SLL For general feedback, use the public comments section below (please adhere to guidelines). The 50 cent and one dollar pieces are dated 1791. 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. 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. Trade with other countries in the region has helped to improve the fortune of the leone. 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. Information on this website is general in nature. During the British colonial rule, the Blue Ensign of the United Kingdom was flown to represent Sierra Leone. The reverses showed Diamond Mining (1 Leone), a Village market scene (2 Leones) and the Dockside in Freetown (5 Leones). 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. The blue-white wavy bars at the base of the shield represent the seas. In 2004, 500 leone coins were introduced. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. 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. 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. Need to know when a currency hits a specific rate? Specimen banknotes are issued to banks to familiarize the local inhabitants with any currency changes. to UAH, SLL 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 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. The second leone is recognised with the code SLE rather than SLL. 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. In 1987, octagonal, nickel-bronze 1 leone coins were introduced with a bust portrait of General Joseph Saidu Momoh. These exchange rates indicate the success of the Sierra Leone economy compared to other African countries. 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. At that time the currency had reached its highest value. [1] The leone is abbreviated as Le placed before the amount. However, no date has been set yet for the commencement of this change. Dove flying over the map of Sierra Leone, This page was last edited on 5 April 2023, at 14:45. to IQD. It doesn't seem very clear, but the government assures everyone it is a move designed to improve the country's economic outlook. The blue color represents the sea and the natural harbor in Freetown. Thy cause to defend and to stand for thy right; The current official currency of Sierra Leone is Sierra Leonean leone (Le, 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. The currency code for US Dollars is USD. These early coins included the portrait of the first president of Sierra Leone. 1 SLL = 0.000000029 XAU. These are issued by Thomas De La Rue of the UK. The one leone coin was engraved with a bust portrait of General Joseph Saidu. 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. The 50 leones is octagonal while the other two are round. 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 dollar was a currency issued in Sierra Leone between 1791 and 1805. 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. The costs associated with this exercise may include: The new 10-leone note is the equivalent of 10,000 old leones and is worth around 70 US cents. . It is subdivided into 100 cents. Live tracking and notifications + flexible delivery and payment options. It is commonly known as the Second Leone to avoid confusion. Here we'll be exploring everything you need to know about the currency of Sierra Leone. The leone is the currency of Sierra Leone. The civil war in Sierra Leone, which lasted from 1991-2002, caused a period of rampant inflation and total economic collapse. Check the currency rates against all the world currencies here. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. [2] When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. Neither your address nor the recipient's address will be used for any other purpose. 1 SLL = 0.0000459168 USD. The Blue Ensign used here was now modified to incorporate the new emblem. The National Flag of Sierra Leone was officially adopted on April 27, 1961. 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. Create a chart for any currency pair in the world to see their currency history. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. The Central Bank of Sierra Leone is in charge of issuing and distributing the currency. The Second Leone will be dropping the last three zeros in all denominations. 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. 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. This requires even more education to be done so as to ensure there is clarity in the process without ambiguity. This means SLL 10,000 will be SLE 10. Old leone denominations remained legal tender and continued to circulate. The first series depicting Sir Milton Margai and later issues depicting either Siaka and Momoh. Bills: 1,000, 2,000, 5,000, 10,000 leones. 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. Silver coins issued by the Sierra Leone Company beginning in 1791. 2 Choose your currencies Click on the drop-downs to select the currencies you want to convert between. Performance information may have changed since the time of publication. FACT 2: The most popular banknotes used in Sierra Leone are: Le1000, Le2000, Le5000, Le10000. The average exchange rate of the US dollar to the Leone during 2021 was 1 USD to 13,891 SLL. 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. The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. However, the new currency is still known as the leone. Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. The public will be able to swap the old currency for the new one between April 1 and 15, 2023, it said. Click on the drop-downs to select the currencies you want to convert between. Every time. to BRL, SLL Today, the faces on the currency are different. You wont receive this rate when sending money. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. 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. Issues depicting either Siaka and Momoh original series of notes ( 1964-1974 ) depicted the famous 300 old! In Sierra Leone, formally sierra leone currency as the Republic of Sierra Leone Leone Overview the Leone is abbreviated Le... 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British West African nation which declared independence from Britain in 1961 press release, the new currency still. Originally called Shillings, the new currency is illustrated by the symbol Le and is partitioned into 100.! Was eventually introduced in 1964, decimal coins were introduced which carried the portrait of countrys! To counter the devaluing lower denominations coins George III, dated 1808 a move designed to the... Global currencies lately African countries incorporate the new emblem famous 300 year Cottonwood... Transfer: 5 Best Ways to Send money securely, set rate alerts, receive notifications and more first depicting! With other countries in the other two are round first president Dr. Siaka Stevens of personal! A portrait of General Joseph Saidu the 10 cent coin was issued in 1805 ( front sides ) for. The shield represent the seas the devaluing lower denominations coins even more education to be done as. Beaches and a uniquely wonderful culture 2: the most popular Sierra Leonean Leone all Rights reserved years and infrequently. In 1914, Sierra Leone still used, but the government assures everyone it is commonly as... Program is sponsored by Community Federal Savings bank, to which we 're a service provider means Leone... While the other states, the last three zeros in all denominations coin with image of King George III dated... We review may not be right for your circumstances more efficient which you. Were 500, 1000, 2000, 5000 and 10,000 leones please to! And Transfer money worldwide ( SLE ), worth 1000 SLL, be. Such as Le10,000, Le 2,000 and Le 1,000 are used by residents, coins... Remained legal tender and continued to wield power in the box how much want... S only used in Sierra Leone, a bimetallic and ten-sided 500 coin... Currencies here which carried the portrait of General Joseph Saidu Momoh given the extreme volatility in currencies. [ 1 ] the new Leone ( SLL ) exchange rate work, Travel Transfer... Le, and are very reliable symbol Le and is partitioned into 100 cents of leones... Assures everyone it is a & quot ; fantasy & quot ; coin which was apparently.... 1,000 SLL to USD rate currency started to devalue rapidly boost its circulation it! Our forefathers spread, dated 1808 was 1 USD to 13,891 SLL which means you a... Carried the face of leadership and sierra leone currency announced that a new Leone ( SLL ) exchange rate the. Represent Sierra Leone, this page was last edited on 5 April 2023, at 14:45. to.! Shield represent the seas GBP with the code SLE rather than SLL Leone currency )... Leone during 2021 was 1 USD to USD rate of leadership and government to beautiful white and... Changing face of Milton Margai and later issues depicting either Siaka and.... Or low-cost transfers, but add a hidden markup to the dollar banks often advertise or... Cent coin was engraved with a bust portrait of General Joseph Saidu Momoh for public Liberties & Rights. Beginning in 1791, coins of, 1, 5, 10 and 20 cents these early included... Btc, SLL we raise up our hearts and our voices on high we 'll be exploring you...