🇸🇱Leone (SLE)
The leone replaced the Sierra Leonean pound in 1964, three years after independence from Britain. In 2022, following years of inflation that had pushed everyday prices into the tens of thousands, the Bank of Sierra Leone redenominated the currency, dropping three zeros to introduce the new leone (SLE) at a rate of 1,000 old leones (SLL) to 1 new leone, simplifying transactions and accounting across the economy.
SLE ⇄ USD Converter
History
The leone replaced the Sierra Leonean pound in 1964, three years after independence from Britain. In 2022, following years of inflation that had pushed everyday prices into the tens of thousands, the Bank of Sierra Leone redenominated the currency, dropping three zeros to introduce the new leone (SLE) at a rate of 1,000 old leones (SLL) to 1 new leone, simplifying transactions and accounting across the economy.
Denominations
Leone banknotes commonly circulate in these denominations:
- 1, 2, 5 new leones — small notes for everyday purchases
- 10, 20 new leones — common mid-value notes
- 50, 100 new leones — higher-value notes
Frequently Asked Questions
What is the currency symbol for the leone?
The leone's symbol is Le. Its ISO 4217 currency code is SLE, following a 2022 redenomination (the old code was SLL).
Why was the leone redenominated in 2022?
Years of inflation had pushed everyday prices into the tens of thousands of old leones, so the Bank of Sierra Leone dropped three zeros and introduced the new leone (SLE) at a rate of 1,000 old to 1 new to simplify pricing.
Is the old leone (SLL) still usable?
No — the redenomination in 2022 fully replaced the old leone; only the new leone (SLE) is legal tender today.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.