Currency in Sierra Leone
A practical currency and money guide to travel, living and doing business in Sierra Leone and the Sierra Leonean leone (SLL).
What's in this Sierra Leone currency guide:
What currency is used in Sierra Leone?
The official currency of Sierra Leone (country code: SL) is the Sierra Leonean leone, with symbol Le and currency code SLL.
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. Here are a few things to know about the Sierra Leonean leone:
- The Sierra Leonean leone is abbreviated as SLL and is divided into 100 cents.
- The Bank of Sierra Leone is responsible for issuing and regulating the Sierra Leonean leone.
- The exchange rate for the Sierra Leonean leone is determined by supply and demand in the foreign exchange market.
- Sierra Leone has a largely agricultural economy, with a significant portion of the population engaged in farming and livestock production. The country is also rich in minerals, including diamonds, and has a growing mining sector.
- The Sierra Leonean leone has experienced significant depreciation in recent years due to economic challenges such as high inflation and a large trade deficit. In addition, Sierra Leone has faced political instability and conflict, which have also had an impact on the value of the Sierra Leonean leone.
Travel Ideas and Money Tips for Sierra Leone
Sierra Leone is a country in West Africa, on the Atlantic Ocean. It’s known for the white-sand beaches lining the Freetown Peninsula. The capital city, Freetown, commemorates the nation’s slave-trade history with the Cotton Tree landmark and King’s Yard Gate. Both were known as places of refuge for returned slaves in the 18th and 19th centuries. Nearby Bunce Island was a key departure point during the slave trade.
Expat Money & Business Guide to Sierra Leone
Managing your finances in Sierra Leone
Here we list some key points for expats and businesses to consider when managing financial dealings in Sierra Leone:
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Understand Sierra Leonean leone currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the SLL exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
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Use a local Sierra Leonean leone bank account: A local SLL bank account can make it easier for you to manage your finances and pay bills while you are in Sierra Leone. It may also be more convenient to use a local SLL bank account to make purchases and withdraw cash.
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Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Sierra Leone. This can help you avoid legal issues and ensure that you are complying with local requirements.
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Consider the tax implications: It is important to understand the tax implications of living or doing business in Sierra Leone. This can help you plan your finances and ensure that you are paying the correct amount of tax.
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Seek financial advice: If you are unsure of how to manage your finances in Sierra Leone, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
USD/SLL – Market Data
The exchange rate of Sierra Leonean leone (SLL), or the amount of SLL that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/SLL rate plus recent trend, chart, and historic rates.
| Date | USD/SLL | Change | Period |
|---|---|---|---|
17 Jan 2023 | 17665.00 | no change | 2 Week |
02 Nov 2022 | 17335.00 | 1.9% ▲ | 3 Month |
31 Jan 2022 | 11424.95 | 54.6% ▲ | 1 Year |
01 Feb 2018 | 7667.04 | 130.4% ▲ | 5 Year |
02 Feb 2013 | 4325.09 | 308.4% ▲ | 10 Year |
05 Feb 2003 | 2007.13 | 780.1% ▲ | 20 Year |
Compare Sierra Leonean leone Exchange Rates & Fees
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Sierra Leone or planning a trip or maybe living there, so will need to exchange and spend Sierra Leonean leone.
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It is important to note that the exchange rate of the Sierra Leonean leone can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect SLL exchange rates before making any financial decisions.
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