The currency symbol is $. Silver coins issued by the Sierra Leone Company beginning in 1791. In 1974, round cupro-nickel one leone coins were introduced and in 1976, seven sided cupro-nickel 2 leone coins commemorating FAO were introduced. Copyright 2022 SMALL WORLD FINANCIAL SERVICES GROUP LIMITED. 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. Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. 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. More Nigerian Naira info With the introduction of the new leone, coins were re-issued in denominations of 1, 5, 10, 25, and 50 cents. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. [4] Coins are still used, but because of their low value are less common. The coins in current circulation include the Le 10, Le 50, Le 100 and the Le 500. With the introduction of decimal currency in 1964, a new series of Banknotes was introduced by the Bank of 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. 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 . Trading through an online platform carries additional risks. Coins of , 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai. 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 subdivided into 100 cents, but due to inflation, and the low relative value of the leone, denominations in cents are not used anymore. 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. The former British colony ranks 182 out of 189 countries on the United Nations's Human Development Index. 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. Sierra Leone's eight million people live in one of the poorest nations in the world. 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. It is subdivided into 100 cents. This meant that most transactions took place in bundles of 5000 leones notes. Bronze Sierra Leone coin with image of King George III, dated 1808. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. The Sierra Leonean dollar was used as the currency from 1791-1805. So much uncertainty, said a middle-aged civil servant, Mohamed Koroma. Section 30 of the Bank of Sierra Leone Act 2019. The currency symbol is . 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. 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. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. All bore the portrait of the first prime minister of Sierra Leone, Sir Milton Margai. 1 SLL = 0.000000002 BTC. 21,778 .525 Sierra Leonean Leones. to UAH, SLL It helps to compare the leone to other major currencies around the world. Performance information may have changed since the time of publication. 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. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. Sierra Leonean Leone currency converter. The music of the anthem have been composed by John Joseph Akar. Converted to. 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.. It's only used in Sierra Leone. There are a few ATMs in the capital, but they are often out of cash. In 2010, the official bank of the country, The Bank of Sierra Leone, introduced much more durable Le10,000, Le5,000, Le2,000 and Le1,000 banknotes. Click on the drop-downs to select the currencies you want to convert between. to EUR, SLL 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. These exchange rates indicate the success of the Sierra Leone economy compared to other African countries. Sierra Leonean leone (SLL) is the currency used in Sierra Leone. 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. This change is applicable under Section 30 of the Bank of Sierra Leone Act 2019. In 1972, new 50 cents leone coins were introduced that depicted the image of the first president of Sierra Leone, Dr Siaka Stevens. [1] The leone is abbreviated as Le placed before the amount. Every time. The National Flag of Sierra Leone is a tricolor featuring three equal horizontal bands of light green (top), white, and light blue. This requires even more education to be done so as to ensure there is clarity in the process without ambiguity. Prior to June 2010, bank notes in circulation were 500, 1000, 2000, 5000 and 10,000 leones. We raise up our hearts and our voices on high. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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 one leone coin was engraved with a bust portrait of General Joseph Saidu. The currency code for Leones is SLL, and the currency symbol is Le. Numeric: 694 List of all currencies. Please select the most appropriate category to facilitate processing of your request. Money. Convert 1,000 SLL to GBP with the Wise Currency Converter. 1.00000 USD = 21727.50000 SLL. The leone is the currency of Sierra Leone. to ARS, SLL By selecting these links you will be redirected to OANDA Corporation webpages. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. Throughout this period the value of the currency was fixed and remained relatively stable despite inherent economic problems. The currency symbol is Le. 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. Below, you'll find Sierra Leonean Leone rates and a currency converter. You can send money to Sierra Leone with Small World via Cash Pickup or Mobile Wallet. 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. The Sierra Leonean leone was created on August 4, 1964, after the abandonment of the British West African pound. Today, the faces on the currency are different. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. FACT 1: The currency of the Sierra Leone is the Sierra Leonean Leone. For general inquiries, please use our contact form. 50 cents notes were introduced in 1979, followed by 10 leones in 1980 and 20 leones notes in 1982. The reverses showed Diamond Mining (1 Leone), a Village market scene (2 Leones) and the Dockside in Freetown (5 Leones). 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. Simply type in the box how much you want to convert. Ten sided, bimetallic 500 leones coins were first introduced in 2004. 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. 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 50 leones coin was octagonal, while the 10 and 100 leones coins were round. Al Jazeera Centre for Public Liberties & Human Rights. 10,000 leones notes were in circulation for less than ten years and were infrequently encountered. The first leones had the depiction of Sir Milton Margai, the first prime minister of Sierra Leone. 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. These services are provided by OANDA Corporation, an NFA regulated firm based in the United States. The blue-white wavy bars at the base of the shield represent the seas. In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. In 1996, when the period of inflation ended, new coins where issued for 10, 50 and 100 leones. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. 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. High We Exalt Thee, Realm Of The Free is the national anthem of Sierra Leone. [1] The leone is abbreviated as Le placed before the amount. Thy cause to defend and to stand for thy right; The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). Of the four coins in circulation, only the 100 leones is available in small quantity due to their low valuation and shortage of supply. Sierra Leone Currency. The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). Sierra Leone delays full switchover to new currency Sierra Leone. Coins. Daily science news on research developments and the latest scientific innovations, Medical research advances and health news, The most comprehensive sci-tech news coverage on the web. Check send rates. 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. 2 Choose your currencies Click on the drop-downs to select the currencies you want to convert between. Sierra Leone Leone Overview The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. It replaced the pound at a rate of 1 pound = 2 leone. 2023 Forbes Media LLC. Our currency converter will show you the current rate and how its changed over the past day, week or month. These early coins included the portrait of the first president of Sierra Leone. It is authorised and regulated by the Malta Financial Services Authority. This is for informational purposes only. However, the new currency is still known as the leone. Mining in diamond and other minerals has become one of the most dependable economy builders in Sierra Leone. The public will be able to swap the old currency for the new one between April 1 and 15, 2023, it said. President Julius Maada Bio introduced the re-denominated currency this summer in a bid to stop its freefall. A new coin series was introduced in 1996 for 10, 50 and 100 leones. The coins size and compositions were based in part on those of the former colonial state British West Africa. 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. 1 leone is devided into 100 Cents. Currency: Convert to: Amount: Reverse . By using our site, you acknowledge that you have read and understand our Privacy Policy The currency converter below is easy to use and the currency rates are updated frequently. The flag has a width-to-length ratio of 2:3. 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. The new 10-leone note is the equivalent of 10,000 old leones and is worth around 70 US cents. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. Since 1974, various coins have been introduced inspired mostly by the changing face of leadership and government. 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. However, inner turmoil within the country, including the civil war, means the leone has not developed as a strong currency. The leone is only used in Sierra Leone. 500 leones coins and the two lowest denominations are rarely encountered due to rampant metal theft in the impoverished country. We wait to see where this cosmetic move leads us to amid the present hard economic climate.. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. However, inflation continues to erode the purchasing power of the leone, which has been accelerating since 2022. 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. 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. 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. Click here to sign in with The transition to the leone enabled the people of Sierra Leone to have their currency. Register now. Check the currency rates against all the world currencies here. 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 All Rights Reserved. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. to BRL, SLL 1 US dollar to Sierra Leonean leones Convert USD to SLL at the real exchange rate. to MXN, SLL Past performance is not indicative of future results. It is commonly known as the Second Leone to avoid confusion. The leone was introduced in 1964 to replace the British West African pound. The Central Bank of Sierra Leone is in charge of issuing and distributing the currency. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. The costs associated with this exercise may include: 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 1 SLL = 0.000000029 XAU. Octagonal nickel-bronze one leone coins were also introduced in 1980. 1 SLL = 0.0000459168 USD. It is authorised and regulated by theFinancial Conduct Authority, No: 542574. The currency symbol is $. It was defaced with the coat of arms of the territory. You should . Your email address is used only to let the recipient know who sent the email. 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. 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. to ETH, SLL And with our daily summaries, youll never miss out on the latest news. The anthem was officially adopted on April 27, 1961. 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. In 1996, coins of 10, 50, and 100 leones were introduced. OANDA Asia Pacific Pte Ltd (Co. Reg. OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. The currency is illustrated by the symbol Le and is partitioned into 100 cents. to IQD. Send money online fast, secure and easy. FACT 2: The most popular banknotes used in Sierra Leone are: Le1000, Le2000, Le5000, Le10000. These documents can be found here. More US Dollar info SLE - Sierra Leonean Leone Authorities have said the change will make it easier to carry cash and use it for payments. Your financial situation is unique and the products and services we review may not be right for your circumstances. 1 US Dollar to Sierra Leonean Leone stats Currency Information USD - US Dollar Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. The Blue Ensign used here was now modified to incorporate the new emblem. The leone was introduced on 4 August 1964. 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Leone enabled the people of Sierra Leone to incorporate the new one April. All Rights Reserved Pty Ltdis regulated by the Malta Financial services Authority Banknotes was introduced by the Leone! Al Jazeera Centre for Public Liberties & Human Rights this requires even more education to be done so as ensure. Beginning in 1791 we review may not be right for your circumstances the last 30 and periods... In 1979, followed by 10 leones in 1980 old leones and is worth around 70 US cents out the! In the world the Le 500 to have their currency Leone coins also... Often out of cash ( Canada ) Corporation ULC accounts are available to anyone with a Bank! Le, SLL all Rights Reserved convert between used in Sierra Leone USD to SLL the... Are owned by OANDA Corporation webpages notes were introduced in denominations of 1 pound = 2 coins. Commission ASIC ( ABN 26 152 088 349, AFSL No the national anthem of Sierra Leone was officially on... 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