About the Sierra Leonean Leone (New)
The New Leone (SLE) was introduced in 2022, replacing the old Leone (SLL) at a rate of 1000 old Leones to 1 new Leone. This redenomination aimed to restore confidence in the currency and combat hyperinflation.
The name 'Leone' is derived from Sierra Leone's national animal, the lion, and also refers to the Lion Mountain peninsula where Freetown is located.
Interesting Facts
From Old to New Leone
In 2022, Sierra Leone redenominated its currency, removing three zeros, a significant step to stabilize the economy and simplify transactions after years of high inflation.
Diamond-Rich Nation
Sierra Leone is famous for its diamonds, a major export that significantly influences the country's economy and the Leone's value.
A Symbol of Resilience
Despite a history marked by civil war and the Ebola epidemic, the redenomination of the Leone is a symbol of the nation's ongoing efforts towards economic recovery and stability.
Historical Timeline
The Leone (SLL) is introduced, replacing the British West African Pound.
The New Leone (SLE) is introduced, redenominating the currency by three zeros.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- SLE
- Symbol
- Le
- Numeric Code
- 925
- Subunit
- Cent (1/100)
- Introduced
- 2022-07-01
Central Bank
- Name
- Bank of Sierra Leone
- Headquarters
- Freetown, Sierra Leone
- Founded
- 1964
- Current Governor
- Ibrahim Stevens (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 18.2%
- Interest Rate
- 23.25%
Exchange Rates
What Affects the SLE Exchange Rate?
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