![]() ![]() ![]() In 1972, 50 cents coins were introduced which carried the portrait of the first president Dr. All bore the portrait of the first prime minister of Sierra Leone, Sir Milton Margai. The coins size and compositions were based in part on those of the former colonial state British West Africa. ![]() In 1964, decimal coins were introduced in denominations of 1⁄ 2, 1, 5, 10 and 20 cents. dollar was valued at 16.50 SLE or 16,500 SLL, making the 20 SLE note (the highest circulating denomination) worth only US$1.21.Ĭoins First Leone (SLL) Inflation continues to erode the purchasing power of the leone, averaging over 20% a year. Old leone denominations remain legal tender and continue to circulate. The new leone was eventually introduced in July 2022. In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. dollar became worth thousands of leones starting in the 2000s. Years of high inflation have caused the value of leone to plummet, and a U.S. dollar until the 1980s, when the currency started to devalue rapidly. When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). The leone was introduced on 4 August 1964. For an earlier Sierra Leone currency, see Sierra Leonean dollar. ![]()
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