Sierra Leone

The leone is the currency of Sierra Leone. It is subdivided into 100 cents. The leone is abbreviated as Le placed before the amount.
The leone was introduced on 4 August 1964. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. Years of high inflation have caused the value of leone to plummet, and a U.S. dollar became worth thousands of leones starting in the 2000s.
In August 2021, it was announced that a new leone (SLE), worth 1000 SLL, would be introduced. The new leone was eventually introduced in July 2022.

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