Convert 1,000 SLL to GBP with the Wise Currency Converter. It is authorised and regulated by theFinancial Conduct Authority, No: 542574. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). You might be using an unsupported or outdated browser. Amount. All Rights Reserved. Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. Bills: 1,000, 2,000, 5,000, 10,000 leones. 500 leones coins and the two lowest denominations are rarely encountered due to rampant metal theft in the impoverished country. 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. Sending money abroad is as easy as ever. Dove flying over the map of Sierra Leone, This page was last edited on 5 April 2023, at 14:45. Following a period of economic collapse and the following Sierra Leone Civil War inflation became rampant, devaluing older coins. Agriculture has also become a major contributor the economy, accounting for approximately 52% of the countrys income. 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. Powering commercial grade rates at 300+ companies worldwide. to ANG, SLL The currency code for Nigerian Nairas is NGN. 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 design and composition were strongly influenced by the colonial state currency of British West Africa. 3 That's it Your financial situation is unique and the products and services we review may not be right for your circumstances. The leone banknotes come in various colours, including red, brown, purple and a combination of blue and green on the 10,000 leone note. 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. 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. Past performance is not indicative of future results. [3] The new leone was eventually introduced in July 2022. 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. 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 leone is an official national currency and used only in Sierra Leone. It also came amid efforts to strengthen the tumbling leone, which is now fluctuating at about 13,000 to the dollar. These services are provided by OANDA Corporation, an NFA regulated firm based in the United States. During this period, older coins were effectively devalued, which led to the introduction of new coin denominations. Are you sure you want to rest your choices? 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 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 is composed of two rampant lions supporting a coconut tree and shield. 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. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. The best day to change US dollars in Sierra Leonean leones was the Tuesday, 28 February 2023. These currency charts use live mid-market rates, are easy to use, and are very reliable. This document is subject to copyright. These are issued by Thomas De La Rue of the UK. Of the four coins in circulation, only the 100 leones is available in small quantity due to their low valuation and shortage of supply. This means that SLL 10, 000 will be SLL 10, and this will be equivalent to one US dollar. Refer to our legal section here. 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. Our smart tech means were more efficient which means you get a great rate. Sierra Leone. 412981) and is the issuer of the products and/or services on this website. 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. 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). 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. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. Old leone denominations remained legal tender and continued to circulate. 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. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. Send money online fast, secure and easy. 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. 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. "The transition period of 1st July, 2022 to 30th September, 2022 (wherein both the Old Leone and the New Leone shall be legal tender) is hereby extended to 31st March, 2023," it said on social media, without elaborating. The Second Leone will be dropping the last three zeros in all denominations. 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. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. Currency: Convert to: Amount: Reverse . These documents can be found here. 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. Below, you'll find Sierra Leonean Leone rates and a currency converter. The blue-white wavy bars at the base of the shield represent the seas. 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. or. Mining in diamond and other minerals has become one of the most dependable economy builders in Sierra Leone. All rights reserved. 1 leone is devided into 100 Cents. to ETH, SLL The Sierra Leonean Leone is the national currency of Sierra Leone, a West African nation which declared independence from Britain in 1961. The currency converter below is easy to use and the currency rates are updated frequently. The information you enter will appear in your e-mail message and is not retained by Tech Xplore in any form. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. The British determined the borders of Sierra Leone in 1895 and declared it as a British Protectorate. The new 10-leone note is the equivalent of 10,000 old leones and is worth around 70 US cents. The Bank of . More Nigerian Naira info 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 white color symbolizes unity and justice. Sierra Leonean leone (SLL) is the currency used in Sierra Leone. That blessing and peace may descend on us all; Knowledge and truth our forefathers spread. The currency symbol is Le. [4] Coins are still used, but because of their low value are less common. The 10 cent coin was issued in 1805 (reverse sides). 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. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. 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. You can send money to Sierra Leone with Small World via Cash Pickup or Mobile Wallet. 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. There are a few ATMs in the capital, but they are often out of cash. Banks operate with their own exchange rates. In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. The leone is the currency of Sierra Leone. Specimen banknotes are issued to banks to familiarize the local inhabitants with any currency changes. Create a chart for any currency pair in the world to see their currency history. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. The National Coat of Arms of Sierra Leone was adopted in 1960. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore. 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. You wont receive this rate when sending money. 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. 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. In 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 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. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. to GBP, SLL 1.00000 USD = 21727.50000 SLL. Check send rates. It is subdivided into 100 cents. The green color represents the agricultural lands, the mountains, and the natural resources of the country. At that time the currency had reached its highest value. The portrait of Stevens also appeared on a new, slightly smaller series of coins introduced in 1980 in denominations of 12, 1, 5, 10 and 20 cents. Set an alert now, and well tell you when it gets better. We use the mid-market rate for our Converter. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. These early coins included the portrait of the first president of Sierra Leone. FACT 1: The currency of the Sierra Leone is the Sierra Leonean Leone. The hills and the valleys re-echo our cry; We pray that no harm on thy children may fall. Here we'll be exploring everything you need to know about the currency of Sierra Leone. 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