Register now. 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. 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. The 50 leones coin was octagonal, while the 10 and 100 leones coins were round. History [ edit] The leone was introduced on 4 August 1964. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. 500 leones coins and the two lowest denominations are rarely encountered due to rampant metal theft in the impoverished country. Check live rates, send money securely, set rate alerts, receive notifications and more. Check the currency rates against all the world currencies here. 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. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. However, no date has been set yet for the commencement of this change. Click on the drop-downs to select the currencies you want to convert between. 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. It is commonly known as the Second Leone to avoid confusion. However, the latter coin was less popular than lower denominations coins and circulated less frequently. Prior to June 2010, bank notes in circulation were 500, 1000, 2000, 5000 and 10,000 leones. The Sierra Leonean Leone is the national currency of Sierra Leone, a West African nation which declared independence from Britain in 1961. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. to MXN, SLL It is authorised and regulated by the Malta Financial Services Authority. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. 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. 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. The exchange rates on Currency World are midrates, and must not be taken as financial advice. The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). Sierra Leone Currency. Below, you'll find Sierra Leonean Leone rates and a currency converter. This is very much needed given the extreme volatility in global currencies lately. Your feedback is important to us. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. And with our daily summaries, youll never miss out on the latest news. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Our currency converter will show you the current rate and how its changed over the past day, week or month. Wrapped up in the history of the leone are the events of the twentieth century. The first leone coins were introduced in 1964 in denominations of 20, 10, 5, 1, and cents. Your financial situation is unique and the products and services we review may not be right for your circumstances. Traditionally it is symbolized as Le. 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. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. 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. You should . As of 19 April 2021, 20,000 leones were equivalent to about 1.62 EUR.[5]. The Sierra Leonean leone was created on August 4, 1964, after the abandonment of the British West African pound. Information on this website is general in nature. Shoppers needed huge quantities of the old banknotes for the simplest transactions, and unscrupulous bank tellers sometimes pilfered notes from sealed bundles of bills. For general inquiries, please use our contact form. SLL. Wise US Inc is authorized to operate in most states. You can send money to Sierra Leone with Small World via Cash Pickup or Mobile Wallet. 1 leone is devided into 100 Cents. However, please note that blocking some types of cookies may affect both your experience and the services we can offer you. 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 currency is illustrated by the symbol Le and is partitioned into 100 cents. We pledge our devotion, our strength and our might. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. Currency: Convert to: Amount: Reverse . By selecting these links you will be redirected to OANDA Corporation webpages. You won't receive this rate when sending money. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. 1996 - 2022 OANDA Corporation. 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. For example, in 2022, the average exchange of the Leone to the Nigerian Naira was 1 NGN to 32 SLL. Receive daily email about the USD SLL exchange rate. 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. You can send money to Sierra Leone from our agents, branches, online or through our app. Coins. The costs associated with this exercise may include: In 1972, 50 cents coins were introduced which carried the portrait of the first president Dr. Siaka Stevens. The leone was introduced on 4 August 1964. 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. 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. Specimen banknotes are issued to banks to familiarize the local inhabitants with any currency changes. The Leone was first introduced on August 4, 1964, and it replaced the British West African Pound. Thy cause to defend and to stand for thy right; The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). The first series depicting Sir Milton Margai and later issues depicting either Siaka and Momoh. Sierra Leonean Leone currency converter. It is subdivided into 100 cents. Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. Powering commercial grade rates at 300+ companies worldwide. It's only used in Sierra Leone. The second leone is recognised with the code SLE rather than SLL. This means that SLL 10, 000 will be SLL 10, and this will be equivalent to one US dollar. 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. Here are a few things to know about the Sierra Leonean leone: The currency code for Sierra Leonean Leones is SLL. The leone is the currency of Sierra Leone. All bore the portrait of the first prime minister of Sierra Leone, Sir Milton Margai. 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. 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. Coins of , 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai. The currency code for US Dollars is USD. The currency symbol is . We use the mid-market rate for our Converter. The Sierra Leonean Leone is the currency of Sierra Leone. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. Investment Industry Regulatory Organization of Canada. The Bank of Sierra Leone controls the currency. The first leones had the depiction of Sir Milton Margai, the first prime minister of Sierra Leone. ISO 4127: SLL. 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. 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. The National Flag of Sierra Leone is a tricolor featuring three equal horizontal bands of light green (top), white, and light blue. 10,000 leones notes were in circulation for less than ten years and were infrequently encountered. So much uncertainty, said a middle-aged civil servant, Mohamed Koroma. to COP, SLL 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. 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 best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. 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 content is provided for information purposes only. Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said. The lyrics of the anthem have been authored by Clifford Nelson Fyle. 50 cents notes were introduced in 1979, followed by 10 leones in 1980 and 20 leones notes in 1982. Coins Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. The design and composition were strongly influenced by the colonial state currency of British West Africa. [1] The leone is abbreviated as Le placed before the amount. Every time. Convert 1,000 SLL to GBP with the Wise Currency Converter. 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 advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. Critics and the opposition say the re-denomination of the leone is confusing and adds no value. However, the new currency is still known as the leone. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. 412981) and is the issuer of the products and/or services on this website. or. 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. All other trademarks appearing on this Website are the property of their respective owners. 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