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. The currency symbol is . Information provided on Forbes Advisor is for educational purposes only. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. Sierra Leonean Leone The USDSLL spot exchange rate specifies how much one currency is currently worth in terms of the other. Currency: Convert to: Amount: Reverse . to UAH, SLL and Terms of Use. 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. The leone is the currency of Sierra 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. The flag has a width-to-length ratio of 2:3. 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. The currency code for Leones is SLL, and the currency symbol is Le. However, the latter coin was less popular than lower denominations coins and circulated less frequently. 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). to EUR, SLL 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. Numeric: 694 List of all currencies. Authorities have said the change will make it easier to carry cash and use it for payments. This means SLL 10,000 will be SLE 10. However, the new currency is still known as the leone. In 1972, 50 cents coins were introduced which carried the portrait of the first president Dr. Siaka Stevens. 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. All Rights Reserved. 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. However, inflation continues to erode the purchasing power of the leone, which has been accelerating since 2022. At that time the currency had reached its highest value. You can send money to Sierra Leone from our agents, branches, online or through our app. The public will be able to swap the old currency for the new one between April 1 and 15, 2023, it said. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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. As of 23 Oct 2018, 20,000 leones were equivalent to about 2.09 EUR. 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 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. 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 transition to the leone enabled the people of Sierra Leone to have their currency. A new coin series was introduced in 1996 for 10, 50 and 100 leones. During this period, older coins were effectively devalued, which led to the introduction of new coin denominations. The official currency of Sierra Leone (country code: SL) is the Sierra Leonean leone, with symbol Le and currency code SLL. The former British colony ranks 182 out of 189 countries on the United Nations's Human Development Index. Click here to sign in with And with our daily summaries, youll never miss out on the latest news. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. The country is one of the biggest contributors of rutile, a titanium mineral. 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. Sierra Leonean Leone to United States Dollar conversion - Last Ten sided, bimetallic 500 leones coins were first introduced in 2004. 21727.50. sll. to MXN, SLL All rights reserved. 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 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. USD, 1 USD = 17,543.859649123 Thank you for taking time to provide your feedback to the editors. The currency symbol is $. Shoppers needed huge quantities of the old banknotes for the simplest transactions, and unscrupulous bank tellers sometimes pilfered notes from sealed bundles of bills. Sierra Leone delays full switchover to new currency Sierra Leone. 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. 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. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. The Bank of . 500 leones coins and the two lowest denominations are rarely encountered due to rampant metal theft in the impoverished country. However, no date has been set yet for the commencement of this change. Convert Sierra Leonean Leone to US Dollar Stat and compare Good Time The table shows the data and analysis of the variations. The original series of notes (1964-1974) depicted the famous 300 year old Cottonwood Tree and Court building in central Freetown. These coins were struck in nickel-plated steel and feature important figures in Sierra Leone's political history. Every time. Coins are rarely used, but because they have so little value. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. The information you enter will appear in your e-mail message and is not retained by Tech Xplore in any form. The Central Bank of Sierra Leone is in charge of issuing and distributing the currency. This is very much needed given the extreme volatility in global currencies lately. Section 30 of the Bank of Sierra Leone Act 2019. High We Exalt Thee, Realm Of The Free is the national anthem of Sierra Leone. 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 was defaced with the coat of arms of the territory. These documents can be found here. to ARS, SLL For general inquiries, please use our contact form. [3] The new leone was eventually introduced in July 2022. More Nigerian Naira info 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. 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. 2 Choose your currencies Click on the drop-downs to select the currencies you want to convert between. More US Dollar info SLE - Sierra Leonean Leone Both methods are quick, simple and secure. The currency is illustrated by the symbol Le and is partitioned into 100 cents. We use the mid-market rate for our Converter. 412981) and is the issuer of the products and/or services on this website. 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. 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. Check live rates, send money securely, set rate alerts, receive notifications and more. The design and composition were strongly influenced by the colonial state currency of British West Africa. Coins of , 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai. Converted to. Your financial situation is unique and the products and services we review may not be right for your circumstances. Sierra Leone has a cash-based society and bank or credit cards are only accepted in a few hotels in Freetown. 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. Below, you'll find Sierra Leonean Leone rates and a currency converter. The National Coat of Arms of Sierra Leone was adopted in 1960. No: 0325821. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Sending money abroad is as easy as ever. The best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. 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 anthem was officially adopted on April 27, 1961. Need to know when a currency hits a specific rate? 1 leone is devided into 100 Cents. 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. Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. Check send rates. 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 civil war in Sierra Leone, which lasted from 1991-2002, caused a period of rampant inflation and total economic collapse. Send money online fast, secure and easy. The leone is the currency of Sierra Leone. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. Over the last 7 days, the best beneficial exchange rate was Le17,665.00. Because we respect your right to privacy, you can choose not to allow some types of cookies. Copyright 2022 SMALL WORLD FINANCIAL SERVICES GROUP LIMITED. 1 SLL = 0.000000029 XAU. Located on the west coast of Africa, Sierra Leone is home to beautiful white beaches and a uniquely wonderful culture. Carried the portrait of General Joseph Saidu no date has been set for. Often have extra costs, which they pass to you by marking up the exchange was. Our agents, branches, online or through our app after the civil war, a and. And a currency converter in the other officially adopted on April 27, 1961 Bank of Leone. These coins were effectively devalued, which has been set yet for commencement! Said the change will make it easier to carry cash and use it for payments from 1991-2002 caused... 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