The official currency of Sierra Leone (country code: SL) is the Sierra Leonean leone, with symbol Le and currency code SLL. The exchange rates on Currency World are midrates, and must not be taken as financial advice. The official currency for Freetown is Sierra Leonean Leone and the below is today's foreign exchange rate at Freetown airport. 412981) and is the issuer of the products and/or services on this website. Gold. Over the last 7 days, the best beneficial exchange rate was Le17,665.00. Wrapped up in the history of the leone are the events of the twentieth century. The coins in current circulation include the Le 10, Le 50, Le 100 and the Le 500. The country is one of the biggest contributors of rutile, a titanium mineral. to AED, SLL However, inflation continues to erode the purchasing power of the leone, which has been accelerating since 2022. 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. These are issued by Thomas De La Rue of the UK. 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. To boost its circulation, it replaced the one leone note. 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. 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 is illustrated by the symbol Le and is partitioned into 100 cents. This information may be about you, your preferences or your device, and is used primarily to make the website or application work as expected. 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. 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. The Central Bank of Sierra Leone is in charge of issuing and distributing the currency. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. Bronze Sierra Leone coin with image of King George III, dated 1808. This is for informational purposes only. The new bank notes are: Le10,000, Le5,000, Le2,000 and Le1,000. Banks operate with their own exchange rates. We use the mid-market rate for our Converter. 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. This requires even more education to be done so as to ensure there is clarity in the process without ambiguity. The currency symbol is . The National Coat of Arms of Sierra Leone was adopted in 1960. Your first transfer online is always free of fees! Money. 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. Sierra Leone Leone(SLL) Exchange Rate. Our smart tech means were more efficient which means you get a great rate. The first leone coins were introduced in 1964 in denominations of 20, 10, 5, 1, and cents. The original series of notes (1964-1974) depicted the famous 300 year old Cottonwood Tree and Court building in central Freetown. The currency code for US Dollars is USD. This practice ended with the ascension of the NPRC regime and has remained so despite the return to civilian government. Click on the drop-downs to select the currencies you want to convert between. Currency: Convert to: Amount: Reverse . These currency charts use live mid-market rates, are easy to use, and are very reliable. The leone was introduced on 4 August 1964. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Your email address is used only to let the recipient know who sent the email. 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 Sierra Leonean leone was created on August 4, 1964, after the abandonment of the British West African pound. 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 may lose more than you invest (except for OANDA Europe Ltd retail customers who have negative balance protection). This change is applicable under Section 30 of the Bank of Sierra Leone Act 2019. In 1987, octagonal, nickel-bronze 1 leone coins were introduced with a bust portrait of General Joseph Saidu Momoh. 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. President Julius Maada Bio introduced the re-denominated currency this summer in a bid to stop its freefall. 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. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. to ETH, SLL 1996 - 2022 OANDA Corporation. The Sierra Leonean dollar was used as the currency from 1791-1805. 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 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. This meant that most transactions took place in bundles of 5000 leones notes. The dollar was a currency issued in Sierra Leone between 1791 and 1805. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. 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. Sierra Leonean leone (SLL) is the currency used in Sierra Leone. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. Are you sure you want to rest your choices? History [ edit] The leone was introduced on 4 August 1964. 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. 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 currency symbol is $. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. Specimen banknotes are issued to banks to familiarize the local inhabitants with any currency changes. 1 SLL = 0.000000029 XAU. The leone banknotes come in various colours, including red, brown, purple and a combination of blue and green on the 10,000 leone note. It is subdivided into 100 cents. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). No: 0325821. 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. 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. 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. 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. Sierra Leone delays full switchover to new currency Sierra Leone. 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. Mining in diamond and other minerals has become one of the most dependable economy builders in Sierra Leone. The second leone is recognised with the code SLE rather than SLL. Sierra Leone is launching a re-denominated currency, knocking three zeroes off bank notes but keeping their value unchanged, its central bank has said. updated Click here to sign in with 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 coins size and compositions were based in part on those of the former colonial state British West Africa. This is for informational purposes only. 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. 1 SLL = 0.0000459168 USD. XAU 34921419. It is subdivided into 100 cents. 1. usd. The 50 leones coin was octagonal, while the 10 and 100 leones coins were round. These coins were made from nickel-plated steel, and included portraits and symbols of the most influential figures in the country's political history. For general inquiries, please use our contact form. In 1996, coins of 10, 50, and 100 leones were introduced. USD, 1 USD = 17,543.859649123 Please select the most appropriate category to facilitate processing of your request. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. In 1972, 50 cents coins were introduced which carried the portrait of the first president Dr. Siaka Stevens. 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 is commonly known as the Second Leone to avoid confusion. to BRL, SLL The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). You can send money to Sierra Leone from our agents, branches, online or through our app. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. The best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. You won't receive this rate when sending money. Coins Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. There are a few ATMs in the capital, but they are often out of cash. 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 Learn more today. 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 lyrics of the anthem have been authored by Clifford Nelson Fyle. 3 That's it New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. The leone is the currency of Sierra Leone. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. 2023 Forbes Media LLC. Converted to. The second leone is recognised with the code SLE rather than SLL. to XRP, SLL However, please note that blocking some types of cookies may affect both your experience and the services we can offer you. Simply type in the box how much you want to convert. Below, you'll find Sierra Leonean Leone rates and a currency converter. 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. These coins were struck in nickel-plated steel and feature important figures in Sierra Leone's political history. 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. 2 Choose your currencies Click on the drop-downs to select the currencies you want to convert between. 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. 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. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Powering commercial grade rates at 300+ companies worldwide. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. It is subdivided into 100 cents. Check send rates. Check the currency rates against all the world currencies here. Dove flying over the map of Sierra Leone, This page was last edited on 5 April 2023, at 14:45. Both methods are quick, simple and secure. The design and composition were strongly influenced by the colonial state currency of British West Africa. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. With the introduction of the new leone, coins were re-issued in denominations of 1, 5, 10, 25, and 50 cents. 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. 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. 1 US dollar to Sierra Leonean leones Convert USD to SLL at the real exchange rate. Send money online fast, secure and easy. Every time. Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. During the British colonial rule, the Blue Ensign of the United Kingdom was flown to represent Sierra Leone. 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. As of July 2022, Sierra Leone has had a new currency. 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. At that time the currency had reached its highest value. 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. 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 1914, Sierra Leone was allowed to have its coat of arms. 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 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 10 cents coin was issued in 1805 (front sides). Past performance is not indicative of future results. 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 Leone is to delay the phaseout of its old currency until next spring, the central bank said. For several decades, the British continued to wield power in the region. Sierra Leonean Leone currency converter. According to our data, USD to SLL is the most popular Leones exchange rate conversion. Silver coins issued by the Sierra Leone Company beginning in 1791. to CAD, SLL 21,778 .525 Sierra Leonean Leones. The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. Investment Industry Regulatory Organization of Canada. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. According to a draft press release, the last three zeros in the currency will be dropped. In 1964, decimal coins were introduced in denominations of 12, 1, 5, 10 and 20 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. 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 BTC, SLL The National Flag of Sierra Leone was officially adopted on April 27, 1961. ISO 4127: SLL. You should . The old and new notes both remain in circulation for the moment. We pledge our devotion, our strength and our might. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. The leone was introduced in 1964 to replace the British West African pound. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. The currency code for Sierra Leonean Leones is SLL. But critics, including the main opposition All Peoples Congress party, said the re-denomination was confusing and added no value. 21727.50. sll. 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. Our smart tech means were more efficient which means you get a great rate. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. So much uncertainty, said a middle-aged civil servant, Mohamed Koroma. The one leone coin was engraved with a bust portrait of General Joseph Saidu. The exchange rate had fallen to its lowest value. Bills: 1,000, 2,000, 5,000, 10,000 leones. Convert 1,000 SLL to GBP with the Wise Currency Converter. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. 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. The 50 cent and one dollar pieces are dated 1791. Copyright 2022 SMALL WORLD FINANCIAL SERVICES GROUP LIMITED. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. The leone was also equivalent to 10 shillings. This document is subject to copyright. 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. Prior to June 2010, bank notes in circulation were 500, 1000, 2000, 5000 and 10,000 leones. [2] When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. The currency is illustrated by the symbol Le and is partitioned into 100 cents. OANDA Asia Pacific Pte Ltd (Co. Reg. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. Traditionally it is symbolized as Le. Information provided on Forbes Advisor is for educational purposes only. Old leone denominations remained legal tender and continued to circulate. 2137 Institute Financial Futures Association subscriber number 1571. 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. This coin effectively replaced the one leone note. 1.00000 USD = 21727.50000 SLL. The leone is only used in Sierra Leone. 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. Here are a few things to know about the Sierra Leonean leone: 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. 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. More US Dollar info SLE - Sierra Leonean Leone 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. 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. Octagonal nickel-bronze one leone coins were also introduced in 1980. 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. 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 anthem was officially adopted on April 27, 1961. Al Jazeera Centre for Public Liberties & Human Rights. It is commonly known as the Second Leone to avoid confusion. By using our site, you acknowledge that you have read and understand our Privacy Policy It also came amid efforts to strengthen the tumbling leone, which is now fluctuating at about 13,000 to the dollar. More Nigerian Naira info 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. The currency converter below is easy to use and the currency rates are updated frequently. The first leones had the depiction of Sir Milton Margai, the first prime minister of Sierra Leone. Set an alert now, and well tell you when it gets better. Was Le17,665.00 where appropriate and feature important figures in the other states, the bank... Free rate alerts directly to your email address is used only to let recipient! Twentieth century always free of fees a brochure describing the nature and of! 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Through our app 21,778.525 Sierra Leonean Leone was officially adopted on April 27, 1961 in 1964, the! 1 US dollar to Sierra Leone was introduced on 4 August 1964 of Sir sierra leone currency,... Authority sierra leone currency Singapore several decades, the Blue Ensign of the United Kingdom flown. Sent the email all Peoples Congress party, said a middle-aged civil servant, Mohamed Koroma country one. To GBP with the code SLE rather than SLL ALERT now, and cents,... Place in bundles of 5000 leones notes traditional providers often have extra costs, they. Gives you the real exchange rate conversion directly to your email address used! Are the events of the biggest contributors of rutile, a titanium mineral when the is.