USD, 1 USD = 17,543.859649123 Currency: Convert to: Amount: Reverse . The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Performance information may have changed since the time of publication. 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. You might be using an unsupported or outdated browser. The former British colony ranks 182 out of 189 countries on the United Nations's Human Development Index. 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. Receive daily email about the USD SLL exchange rate. Neither your address nor the recipient's address will be used for any other purpose. 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. 50 cents notes were introduced in 1979, followed by 10 leones in 1980 and 20 leones notes in 1982. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. In 1964, decimal coins were introduced in denominations of 12, 1, 5, 10 and 20 cents. Check send rates. ISO 4127: SLL. to GBP, SLL 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. 1. usd. Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. Throughout this period the value of the currency was fixed and remained relatively stable despite inherent economic problems. 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. The flag has a width-to-length ratio of 2:3. It is commonly known as the Second Leone to avoid confusion. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. The Leone was first introduced on August 4, 1964, and it replaced the British West African Pound. Click here to sign in with Our currency rankings show that the most popular Sierra Leonean Leone exchange rate is the SLL to USD rate. It doesn't seem very clear, but the government assures everyone it is a move designed to improve the country's economic outlook. Al Jazeera Centre for Public Liberties & Human Rights. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. Sierra Leonean Leone to United States Dollar conversion - Last It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). The one leone coin was engraved with a bust portrait of General Joseph Saidu. 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. Silver coins issued by the Sierra Leone Company beginning in 1791. 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. Are you sure you want to rest your choices? Every time. The public will be able to swap the old currency for the new one between April 1 and 15, 2023, it said. Keep in mind that conversions to the second leone (SLE) are not easily found as it is such a new currency, but it is still possible to explore the old conversion rates. The dollar was a currency issued in Sierra Leone between 1791 and 1805. 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. Convert 1,000 SLL to GBP with the Wise Currency Converter. 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. Gold. The official currency for Freetown is Sierra Leonean Leone and the below is today's foreign exchange rate at Freetown airport. Coins are rarely used, but because they have so little value. The leone is recognised by the abbreviated symbol: Le, and the international currency code has recently changed from SLL to SLE. The currency in Sierra Leone is the leone. The Sierra Leonean leone was created on August 4, 1964, after the abandonment of the British West African pound. It helps to compare the leone to other major currencies around the world. The 50-cent coin was introduced in 1972 and included a similar design to the first coins, but included a portrait of Sierra Leone's second president. to XRP, SLL 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 general feedback, use the public comments section below (please adhere to guidelines). This is very much needed given the extreme volatility in global currencies lately. 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 Central Bank of Sierra Leone has announced the redenomination of the countrys currency the leones. Throughout history, the leone has struggled to stay stable and often suffers from inflation problems. This document is subject to copyright. New coins were reissued in denominations of 1, 5, 10, 25, and 50 cents. You wont receive this rate when sending money. 2023 Forbes Media LLC. The current official currency of Sierra Leone is Sierra Leonean leone (Le, SLL). The reverses showed Diamond Mining (1 Leone), a Village market scene (2 Leones) and the Dockside in Freetown (5 Leones). 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 August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. Your feedback is important to us. It's only used in Sierra Leone. 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. We raise up our hearts and our voices on high. Here we'll be exploring everything you need to know about the currency of Sierra Leone. This change is applicable under Section 30 of the Bank of Sierra Leone Act 2019. According to our data, USD to SLL is the most popular Leones exchange rate conversion. The National Flag of Sierra Leone is a tricolor featuring three equal horizontal bands of light green (top), white, and light blue. The currency code for US Dollars is USD. 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. It's code is SLL & its symbol is Le. Below, you'll find Sierra Leonean Leone rates and a currency converter. Over the last 7 days, the best beneficial exchange rate was Le17,665.00. to AED, SLL 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. These documents can be found here. Originally called Shillings, the unit name "Leone" was finally decided upon. You should . Currently, coins in denominations of 10, 50, 100, 500 leones are in circulation. 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. However, the latter coin was less popular than lower denominations coins and circulated less frequently. OANDA Asia Pacific Pte Ltd (Co. Reg. "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. Within the shield are three torches, representing peace and dignity, and the third lion against green mountains, a symbol of the Lion Mountains. You may lose more than you invest (except for OANDA Europe Ltd retail customers who have negative balance protection). These officially replaced notes of the British West African pound at a two leone to one pound exchange ratio. As of 19 April 2021, 20,000 leones were equivalent to about 1.62 EUR.[5]. Agriculture has also become a major contributor the economy, accounting for approximately 52% of the countrys income. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. 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. It replaced the pound at a rate of 1 pound = 2 leone. The currency code for Sierra Leonean Leones is SLL. It also came amid efforts to strengthen the tumbling leone, which is now fluctuating at about 13,000 to the dollar. 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. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Sierra Leone Leone Overview The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. SLL. The blue-white wavy bars at the base of the shield represent the seas. 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. Check live rates, send money securely, set rate alerts, receive notifications and more. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The blue color represents the sea and the natural harbor in Freetown. Our smart tech means were more efficient which means you get a great rate. In 1791, coins were issued in denominations of 1, 10, 20, 50 cents, 1 penny and 1 dollar. Traditionally it is symbolized as Le. Check the currency rates against all the world currencies here. 1 SLL = 0.000000002 BTC. Today, the faces on the currency are different. According to a draft press release, the last three zeros in the currency will be dropped. The costs associated with this exercise may include: 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. 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. Your financial situation is unique and the products and services we review may not be right for your circumstances. Sierra Leone Leone(SLL) Exchange Rate. It was defaced with the coat of arms of the territory. Amount. 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. Your first transfer online is always free of fees! 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. 21727.50. sll. The notes remained relatively stable during economic upheavals. Every time. In 2004, after the civil war, a bimetallic and ten-sided 500 leones coin was introduced to counter the devaluing lower denominations coins. 1.00000 USD = 21727.50000 SLL. The national motto: Unity, Freedom, Justice is displayed on a ribbon below. 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 . The first series depicting Sir Milton Margai and later issues depicting either Siaka and Momoh. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. However, we do not guarantee individual replies due to the high volume of messages. to ANG, SLL to ETH, SLL Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. The exchange rate had fallen to its lowest value. The information does not usually identify you directly, but may provide you with a more personalized experience. 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