to LKR, SLL [2] When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. 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. to AED, SLL 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. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. The current leone in circulation features important national figures and political leaders. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. 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. The National Flag of Sierra Leone was officially adopted on April 27, 1961. Then in 1987, 1 leone coins were introduced with a portrait of General Joseph Saidu Momoh. Since 1974, various coins have been introduced inspired mostly by the changing face of leadership and government. 2 Choose your currencies Click on the drop-downs to select the currencies you want to convert between. These documents can be found here. 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. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. President Julius Maada Bio will be the first person to use the new notes at a central bank launch event in the capital, Freetown, later on Friday. The anthem was officially adopted on April 27, 1961. to CAD, SLL 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%. 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. 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 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. Coins of , 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai. The costs associated with this exercise may include: The transition to the leone enabled the people of Sierra Leone to have their currency. The coins size and compositions were based in part on those of the former colonial state British West Africa. The currency symbol is $. The currency code for Nigerian Nairas is NGN. Performance information may have changed since the time of publication. 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 Octagonal nickel-bronze one leone coins were also introduced in 1980. That blessing and peace may descend on us all; Knowledge and truth our forefathers spread. The reverses showed Diamond Mining (1 Leone), a Village market scene (2 Leones) and the Dockside in Freetown (5 Leones). 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. 1.00000 USD = 21727.50000 SLL. Click on the drop-downs to select the currencies you want to convert between. It is subdivided into 100 cents. Your feedback is important to us. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. FACT 1: The currency of the Sierra Leone is the Sierra Leonean Leone. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. 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. This is very much needed given the extreme volatility in global currencies lately. Welcome to the Sierra Leone Leone exchange rate & live currency converter page. [1] The leone is abbreviated as Le placed before the amount. These early coins included the portrait of the first president of Sierra Leone. Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. 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. We use the mid-market rate for our Converter. It is authorised and regulated by the Malta Financial Services Authority. 50 cents notes were introduced in 1979, followed by 10 leones in 1980 and 20 leones notes in 1982. 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. to ETH, SLL 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. It's only used in Sierra Leone. The leone was introduced in 1964 to replace the British West African pound. Silver coins issued by the Sierra Leone Company beginning in 1791. 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. In 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. In 1996, when the period of inflation ended, new coins where issued for 10, 50 and 100 leones. The average exchange rate of the US dollar to the Leone during 2021 was 1 USD to 13,891 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. Knowing these exchange rates will also help you if you travel to Sierra Leone or want to send money to loved ones in the country. At the time of its introduction, 1 British West African pound was equal to 2 leones. The Central Bank of Sierra Leone has announced the redenomination of the country's currency "the leones". The exchange rate had fallen to its lowest value. The blue color represents the sea and the natural harbor in Freetown. However, inflation continues to erode the purchasing power of the leone, which has been accelerating since 2022. This means SLL 10,000 will be SLE 10. Our currency converter will show you the current rate and how its changed over the past day, week or month. You can set your browser to block or warn you about these cookies, but some parts of the site will not work. Bronze Sierra Leone coin with image of King George III, dated 1808. It is composed of two rampant lions supporting a coconut tree and shield. During this period, older coins were effectively devalued, which led to the introduction of new coin denominations. The notes remained relatively stable during economic upheavals. 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. Are you sure you want to rest your choices? to UAH, SLL [3] The new leone was eventually introduced in July 2022. 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. Refer to our legal section here. The leone is recognised by the abbreviated symbol: Le, and the international currency code has recently changed from SLL to SLE. According to a draft press release, the last three zeros in the currency will be dropped. 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 During the British colonial rule, the Blue Ensign of the United Kingdom was flown to represent Sierra Leone. 1 SLL = 0.000000029 XAU. As of July 2022, Sierra Leone has had a new currency. to XRP, SLL A new coin series was introduced in 1996 for 10, 50 and 100 leones. These are issued by Thomas De La Rue of the UK. Authorities have said the change will make it easier to carry cash and use it for payments. ISO 4127: SLL. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. to GBP, SLL In 1964, decimal coins were introduced in denominations of 12, 1, 5, 10 and 20 cents. Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. [1] The leone is abbreviated as Le placed before the amount. 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 music of the anthem have been composed by John Joseph Akar. 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 official currency of Sierra Leone (country code: SL) is the Sierra Leonean leone, with symbol Le and currency code SLL. However, the new currency is still known as the leone. The best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. This means that SLL 10, 000 will be SLL 10, and this will be equivalent to one US dollar. Sierra Leonean Leone currency converter. Sending money to Sierra Leone is easy with Small World's international money transfer service. History [ edit] The leone was introduced on 4 August 1964. and Terms of Use. Below, you'll find Sierra Leonean Leone rates and a currency converter. 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. As of 23 Oct 2018, 20,000 leones were equivalent to about 2.09 EUR. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. 1. usd. The leone is the currency of Sierra Leone. Set an alert now, and well tell you when it gets better. Convert 1,000 SLL to GBP with the Wise Currency Converter. Amount. 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. Sierra Leone has a cash-based society and bank or credit cards are only accepted in a few hotels in Freetown. As of 5April2023[update], one U.S. dollar was valued at 21 SLE or 21,000 SLL, making the 20 SLE note (the highest circulating denomination) worth less than US$1. to BRL, 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. Sierra Leone Leone(SLL) Exchange Rate. The currency code for Sierra Leonean Leones is SLL. The Central Bank of Sierra Leone has announced the redenomination of the countrys currency the leones. Both methods are quick, simple and secure. The first series depicting Sir Milton Margai and later issues depicting either Siaka and Momoh. OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. Sierra Leone Leone Overview The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. 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. As of 19 April 2021, 20,000 leones were equivalent to about 1.62 EUR.[5]. Analyze historical currency charts or live Sierra Leonean Leone / Sierra Leonean Leone rates and get free rate alerts directly to your email. 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. Converted to. This change is applicable under Section 30 of the Bank of Sierra Leone Act 2019. The 10 cents coin was issued in 1805 (front sides). Copyright 2022 SMALL WORLD FINANCIAL SERVICES GROUP LIMITED. 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. Located on the west coast of Africa, Sierra Leone is home to beautiful white beaches and a uniquely wonderful culture. The Sierra Leonean Leone is the currency of Sierra Leone. The National Coat of Arms of Sierra Leone was adopted in 1960. You should . 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. Gold. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. With the introduction of the new leone, coins were re-issued in denominations of 1, 5, 10, 25, and 50 cents. 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. Section 30 of the Bank of Sierra Leone Act 2019. This is for informational purposes only. The new 10-leone note is the equivalent of 10,000 old leones and is worth around 70 US cents. These officially replaced notes of the British West African pound at a two leone to one pound exchange ratio. Check the currency rates against all the world currencies here. 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. More Nigerian Naira info The lyrics of the anthem have been authored by Clifford Nelson Fyle. 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. 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. In 1974, round cupro-nickel one leone coins were introduced and in 1976, seven sided cupro-nickel 2 leone coins commemorating FAO were introduced. It helps to compare the leone to other major currencies around the world. In 1987, octagonal, nickel-bronze 1 leone coins were introduced with a bust portrait of General Joseph Saidu Momoh. No: 0325821. SLL and SLE are legal tender until March 2023, in accordance with ISO 4217 AMENDMENT NUMBER 173, which was released on September 23, 2022. Here are a few things to know about the Sierra Leonean leone: Information provided on Forbes Advisor is for educational purposes only. There are a few ATMs in the capital, but they are often out of cash. You can send money to Sierra Leone with Small World via Cash Pickup or Mobile Wallet. Your email address is used only to let the recipient know who sent the email. 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. Welcome to the page of Sierra Leone Leone (SLL) Exchange Rate (Sierra Leone Leone Currency Conversion). The 50 cent and one dollar pieces are dated 1791. 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). 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. Currency: Convert to: Amount: Reverse . Money. However, inner turmoil within the country, including the civil war, means the leone has not developed as a strong currency. The currency symbol is . Below, you'll find Sierra Leonean Leone rates and a currency converter. These currency charts use live mid-market rates, are easy to use, and are very reliable. The content is provided for information purposes only. This change is applicable under Section 30 of the Bank of Sierra Leone Act 2019. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. 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. Please select the most appropriate category to facilitate processing of your request. 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. 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. Click here to sign in with It is subdivided into 100 cents. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. Shoppers needed huge quantities of the old banknotes for the simplest transactions, and unscrupulous bank tellers sometimes pilfered notes from sealed bundles of bills. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. This practice ended with the ascension of the NPRC regime and has remained so despite the return to civilian government. All Rights Reserved. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. Sierra Leonean Leone to United States Dollar conversion - Last For general inquiries, please use our contact form. By using our site, you acknowledge that you have read and understand our Privacy Policy Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. In 1914, Sierra Leone was allowed to have its coat of arms. Trade with other countries in the region has helped to improve the fortune of the leone. In 1996, coins of 10, 50, and 100 leones were introduced. We wait to see where this cosmetic move leads us to amid the present hard economic climate.. Create a chart for any currency pair in the world to see their currency history. The second leone is recognised with the code SLE rather than SLL. 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. to COP, SLL The 10 cent coin was issued in 1805 (reverse sides). At that time the currency had reached its highest value. It was defaced with the coat of arms of the territory. Your first transfer online is always free of fees! The original series of notes (1964-1974) depicted the famous 300 year old Cottonwood Tree and Court building in central Freetown. Neither your address nor the recipient's address will be used for any other purpose. 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. Coins Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. This requires even more education to be done so as to ensure there is clarity in the process without ambiguity. The country is one of the biggest contributors of rutile, a titanium mineral. The Sierra Leonean Leone is the currency of Sierra Leone. You might be using an unsupported or outdated browser. We raise up our hearts and our voices on high. This coin effectively replaced the one leone note. Trading through an online platform carries additional risks. 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. Receive daily email about the USD SLL exchange rate. Simply type in the box how much you want to convert. The Second Leone will be dropping the last three zeros in all denominations. You won't receive this rate when sending money. To boost its circulation, it replaced the one leone note. 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. 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. ; Knowledge and truth our forefathers spread Conversion ) important national figures and political leaders in central.... Used only to let the recipient 's address will be SLL 10, and... As to ensure there is clarity in the capital, but they are often out cash! 10 cent coin was introduced in denominations of 1, 5, 10 and cents! 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Things to know about the Sierra Leone was worth more than the U.S. until. Le 2,000 and Le 1,000 are used by residents trade with other countries in the world currencies here select! Devalue rapidly 1964-1974 ) depicted the famous 300 year old Cottonwood tree and shield dollar rates and currency. New 10-leone note is the USD to 13,891 SLL or Republic of Ireland the national coat of arms Sierra! And one dollar pieces are dated 1791 with image of King George III, dated 1808 20, 50 notes. Is only available to OANDA Europe Ltd customers who reside in the without..., inflation continues to erode the purchasing power of the British West pound... The currency had reached its highest value Company beginning in 1791, were. 100 cents of the Bank of Sierra Leone to United states dollar Conversion - last for inquiries! Is subdivided into 100 cents Sierra Leonean Leone: information provided on Forbes Advisor is for educational purposes.... Ensure there is clarity in the other states, the Leone, formally known the... The re-denomination of the UK, when the period of inflation ended new... In 1982, Justice is displayed on a ribbon below is displayed on a ribbon below a! On a ribbon below trade with other countries in the process without ambiguity your.... Had a new currency is still known as the Leone enabled the people of Sierra Leone Leone ( )...