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Currency in Sierra Leone SLL - Things to know

Foreign exchange guide to Sierra Leone and the Sierra Leonean leone

Sierra Leone

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.

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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:

  1. The Sierra Leonean leone is abbreviated as SLL and is divided into 100 cents.
  2. The Bank of Sierra Leone is responsible for issuing and regulating the Sierra Leonean leone.
  3. The exchange rate for the Sierra Leonean leone is determined by supply and demand in the foreign exchange market.
  4. 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.
  5. 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 money for Sierra Leone

Save money and time by Ordering your Sierra Leonean leone online from Travelex, you get better rates and can pick up the SLL cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Sierra Leonean leone otherwise you may get much worst exchange rates.

 
 

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.

 
   

USD/SLL Market Data

The below interactive chart displays the USD/SLL change and UP📈 DOWN📉 trends over the past 1 Year.

 
1 USD =
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Frequently Asked Questions

What currency should I use in Sierra Leone?

The domestic currency in Sierra Leone is the Sierra Leonean leone.

What is the Sierra Leonean leone currency code and symbol?

The three letter currency code for the Sierra Leonean leone is SLL — symbol is Le.

Which countries use the Sierra Leonean leone?

It is the domestic currency in    Sierra Leone.

Is the Sierra Leonean leone a closed currency?

No, the Sierra Leonean leone is freely available and convertible. See guide: What is a closed currency?

What are equivalent amounts of USD and SLL?

Here are some popular conversion amounts for USD to SLL (US dollar to Sierra Leonean leone)*.

USD SLL
$ 1 Le 20,970
$ 5 Le 104,848
$ 10 Le 209,695
$ 20 Le 419,390
$ 50 Le 1,048,475
$ 100 Le 2,096,950
$ 250 Le 5,242,375
$ 500 Le 10,484,750
$ 1,000 Le 20,969,500
$ 2,000 Le 41,939,000
$ 5,000 Le 104,847,500
$ 10,000 Le 209,695,000
$ 20,000 Le 419,390,000
$ 50,000 Le 1,048,475,000
$ 100,000 Le 2,096,950,000
USD SLL
$ 0.0000 Le 1
$ 0.0002 Le 5
$ 0.0005 Le 10
$ 0.0010 Le 20
$ 0.0024 Le 50
$ 0.0048 Le 100
$ 0.0120 Le 250
$ 0.0240 Le 500
$ 0.0480 Le 1,000
$ 0.0960 Le 2,000
$ 0.2400 Le 5,000
$ 0.4800 Le 10,000
$ 0.9600 Le 20,000
$ 2.4000 Le 50,000
$ 4.8000 Le 100,000

More amounts

*Converted at the current USDSLL interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Send Money to Sierra Leone - Best Rates

To get a good (and fair) exchange rate when sending money to Sierra Leone you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Sierra Leone

When sending money to Sierra Leone it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Sierra Leonean leone amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted SLL amount will be transfered to the recipient account you specify in Sierra Leone.

Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Sierra Leonean leone deposited into the recipient bank account and less margins and fees kept by the banks!

 

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