Sierra Leonean leone
ISO 4217 Code	SLL
User(s)	Sierra Leone
Inflation	12%
Source	The World Factbook, 2007 est.
Subunit
1/100	cent
Symbol	Le
Coins
Freq. used	100 leones
Rarely used	10, 20[1] 50, 500 leones
Banknotes	500, 1000, 2000, 5000, 10 000 leones
Central bank	Bank of Sierra Leone
Website	www.bankofsierraleone-centralbank.org

The leone is the currency of Sierra Leone. It is subdivided into 100 cents. The ISO 4217 code is SLL and the leone is abbreviated as Le placed before the amount. The member schools of the SLL. The Suburban Lakes League (SLL) is an OHSAA athletic league with 8 member schools located in northwest Ohio. ... Image File history File links Flag_of_Sierra_Leone. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ... Prior to the establishment of the Bank of Sierra Leone,the West Africa currencey Board was responsible for the issue of currency in Sierra Leone. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

History

The leone was introduced in 1964. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). The pound was the currency of British West Africa, a group of British colonies, protectorates and mandate territories. ... This article is about coinage. ...

For an earlier Sierra Leone currency, see Sierra Leonean dollar. The dollar was a currency issued in Sierra Leone between 1791 and 1805. ...

Coins

1 leone 1987
Coat of arms	Joseph Saidu Momoh

In 1964, coins were introduced in denominations of ½, 1, 5, 10 and 20 cents. All bore the portrait of Sir Milton Margai. In 1972, 50 cents coins were introduced which carried the portrait of Dr Siaka Stevens. This portrait also appeared on a new, slightly smaller series of coins introduced in 1980 in denominations of ½, 1, 5, 10 and 20 cents. In 1987, octagonal, nickel-bronze 1 leone coins were introduced. Image File history File links No higher resolution available. ... bfdbfdbfd ... Joseph Saidu Momoh (January 26, 1937–August 3, 2003) was President of the Republic of Sierra Leone. ... Sir Milton Augustus Strieby Margai (December 7, 1895-April 28, 1964) was the first prime minister of independent Sierra Leone. ... Siaka Probyn Stevens (August 24, 1905–May 29, 1988) was the President of Sierra Leone from 1971 to 1985. ...

Following a period of high inflation, new coins were introduced in 1996 for 10, 50 and 100 leones. 500 leones coins were introduced in 2004. Of the four coins in circulation, only the 100 leones is available in any quantity. Most shopkeepers and restaurants rarely encounter 500 leones coins.

Banknotes

In 1964, the Bank of Sierra Leone introduced notes in denominations of 1, 2 and 5 leones. 50 cents notes were added in 1979, followed by 10 leones in 1980 and 20 leones in 1982. 100 leones notes were introduced in 1988, followed by 500 leones in 1991, 1000 and 5000 leones in 1993, 2000 leones in the year 2000 and 10,000 leones in 2004. Prior to the establishment of the Bank of Sierra Leone,the West Africa currencey Board was responsible for the issue of currency in Sierra Leone. ...

Banknotes currently in circulation are 500, 1000, 2000, 5000 and 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, a 20,000 leone banknote will soon be introduced, at a date to be confirmed.

Specimen notes

Specimen notes are issued to banks to familiarize the local inhabitants with any currency changes. These are issued by Thomas de la Rue printers of the UK. Availability to collectors is limited. This author obtained a small quantity from the Central Bank in Freetown after much discussion. The denominations received were 500, 1000 and 5000 leones. The 'bank' ran out of the Le2000 & Le10,000 denominations. None of the Le2000 specimen notes were sighted during a 2005 visit to Freetown. The Le10,000 was seen in different banks stuck down to the sides of booths. Collector value of these notes is unknown but a set of 3 (Le500, Le1000, Le5000) will appear in an auction sale in Australia in Sydney, held by Noble Numismatics Pty Ltd, between March 28-30 2007.^{[citation needed]}

Collecting Sierra Leone currency

Notes are generally in a very grubby condition, averages very good to fine. 10,000 leones at best very fine. The Central Bank is an unhelpful source for banknotes and coins.

Coins tend to be in very fair condition, with 100 leones being 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.

See also

• Economy of Sierra Leone

To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ...

References

Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 211th day of the year (212th in leap years) in the Gregorian calendar. ... The Standard Catalog of World Coins is a series of numismatic catalogues that is commonly known as the Krause catalogues in the numismatic trade. ... The Standard Catalog of World Paper Money is a very well-known catalogue of banknotes that is published by Krause Publications in three volumes. ...

External links

• Don's World Coin Gallery - Sierra Leone
• Ron Wise's World Paper Money - Sierra Leone ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Sierra Leone ^{Mirror site}
• The Global History of Currencies - Sierra Leone
• Global Financial Data data series - Sierra Leone Leone
• Global Financial Data currency histories table ( Microsoft Excel format)