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LOCAL CURRENCY IN SIERRA LEONE

Need to know waht is the local currency in Sierra Leone? The currency used in Sierra Leone is called Lione.

The Sierra Leonean Lione is issued and managed by the Bank of Sierra Leone. To find out the current currency exchange rates for Lione to other major currencies of the world, click on foreign currency rates.

Sierra Leonean Currency Information
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The currency used in Sierra Leone is called as the Lione. This currency is denoted with the currency sign Le and the ISO 4217 Code for the Sierra Leonean Lione is SLL. The Lione, is the official currency of the Sierra Leone . It is divided into 100 smaller units called cent.

The constitution of Sierra Leone provides that the Sierra Leone government shall have the power to print the Sierra Leonean Lione and cent coins to be used as a legal tender in Sierra Leone. The Sierra Leonean Lione bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Sierra Leonean Lione bill uses the decimal system, consisting of 100 equal units.

The symbol Le, usually written before the numerical amount, is used for the Sierra Leonean Lione.

Currently printed bank notes denominations are 1000, 2000, 5000, 10 000 leones and the coins are minted in the denominations of 10, 50, 100, 500 leones .

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The Effect of Balance of Trade and Investment on Sierra Leonean Lione
Financial analysts regularly cite the balance of trade and investment in Sierra Leone as the most important influence on the value of the Lione. The difference between what the Sierra Leone exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Lione exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Lione exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Sierra Leonean Lione.
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