Sierra Leonean leone
From Wikipedia, the free encyclopedia
ISO 4217 Code | SLL |
User(s) | Sierra Leone |
Inflation | 1% |
Source | The World Factbook, 2002 est. |
Subunit | |
1/100 | cent |
Symbol | Le |
Coins | |
Freq. used | 100 leones |
Rarely used | 10, 50, 500 leones |
Banknotes | 500, 1000, 2000, 5000, 10 000 leones |
Central bank | Bank of Sierra Leone |
Website | www.bankofsierraleone-centralbank.org |
- This article is about the currency. For information about the aircraft, see Aerfer Leone.
The leone is the currency of Sierra Leone, a country on the West African coast. It is divided into 100 cents.
[edit] History
The leone was introduced in 1964. It replaced the West African pound at a rate of 1 pound = 2 leones.
For an earlier Sierra Leone currency, see Sierra Leonean dollar.
[edit] Denominations
Present banknotes in use are: 500, 1000, 2000, 5000 & 10,000 leones. 10,000 leones notes have been in circulation for less than a year and are at present still infrequently encountered. This means that most transactions take place in bundles of 5000 leones notes. Because of inflation, there will be a 20,000 Leone Banknote issued later, at a date to be confirmed.
Coins in circulation: 10, 50, 100 & 500 leones. Actually, only the 100 leones is available in any quantity. Most shopkeepers and restaurants rarely encounter 500 leones.
[edit] Collecting Sierra Leone Currency
1 leone 1987 | |
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Coat of arms | Joseph Saidu Momoh |
Notes are generally in a very grubby condtion, averages vg to fine. 10,000 leones at best very fine. The Central Bank is an unhelpful source for banknotes and coins.
Coins encountered tend to be VF in condition, with 100 leones slightly better. A few dealers sell older coins and banknotes but their conditions are generally very bad.
The prices in the Pick catalogue for notes are inadequate considering difficulty in acquiring better grade notes. Coins are correctly or even over priced in the Krause-Mishler catalogue.
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