SLL (Sierra Leone Leone)

DEFINITION of 'SLL (Sierra Leone Leone)'

The currency abbreviation for the Sierra Leone leone (SLL), the currency for the Republic of Sierra Leone, a country in West Africa. The Sierra Leone leone is made up of 100 cents and is often presented with the symbol Le, in the form Le100 for 100 leones.

BREAKING DOWN 'SLL (Sierra Leone Leone)'

The leone replaced the British West African pound as the official currency of Sierra Leone in 1964 at a rate of 2:1. In June of 1986, in order to correct constant overvaluation, a floating exchange rate regime was adopted.

RELATED TERMS
  1. Neoclassical Economics

    An approach to economics that relates supply and demand to an ...
  2. Maurice Allais

    A French economist who won the 1988 Nobel Prize in Economics ...
  3. USD

    In currencies, this is the abbreviation for the U.S. dollar. ...
  4. General Equilibrium Theory

    General equilibrium theory studies supply and demand fundamentals ...
  5. West African CFA Franc - XOF

    The currency of eight independent states in West Africa. The ...
  6. AUD

    In the currency market, this is the abbreviation for the Australian ...
Related Articles
  1. Stock Analysis

    Sierra Wireless Benefits From These Megatrends

    We take a closer look at how Sierra Wireless' transition from 2G to 3G and 4G technologies, has impacted its business today, and the future expectations.
  2. Economics

    Google Is Now Richer Than Over 100 Countries

    Find out where Google ranks among the wealthiest nations of the world and which countries report GDP figures below the tech giant's annual revenue.
  3. Investing

    Is the Ebola Epidemic Officially Over?

    Learn how the struggle against the Ebola virus continues in Africa, and read about an exciting development that could lead to the end of the fight.
  4. Economics

    Explaining the Human Development Index

    The Human Development Index (HDI) is a metric developed by the United Nations to take the emphasis off economic growth and focus on human wellbeing.
  5. Investing Basics

    Use Private Equity Strategy to Invest

    Forget trying to be a great trader. Learn to invest like private equity firms for superior results.
  6. Investing News

    How China's Economy is Now Like America's

    China's economy could take the global economy down with it; why that might be good news in the grand scheme.
  7. Forex Fundamentals

    Understanding the Floating Exchange Rate

    Floating exchange rate is the exchange rate between two currencies at any given time.
  8. Stock Analysis

    5 Reasons West Pharmaceutical Services Should Be Shorted (WST)

    Discover why declining fundamentals, currency woes, high valuations and recent performance have set West Pharmaceutical stock up as a good candidate to short.
  9. Bonds & Fixed Income

    Interested In West African Debt? Look Here First

    Promising high yields that the Eurozone and U.S. can't match, West African sovereign debt has caught the attention of savvy investors.
  10. Bonds & Fixed Income

    African Equities vs. Bonds: Risks and Rewards

    A look at the risks and rewards of exposure to African equities vs. bonds.
RELATED FAQS
  1. What is "marginalism" in microeconomics and why is it important?

    Find out what economists mean by marginal utility or cost and why marginalism is such an important concept in microeconomic ... Read Answer >>
  2. What types of companies benefit from reporting results utilizing constant currencies ...

    Understand constant currency figures, and explore some of the reasons why a company is likely to benefit from reporting using ... Read Answer >>
  3. How can marginal utility explain the 'diamond/water paradox'?

    Learn why a diamond is valued more highly than a bucket of water or why a professional athlete is valued more highly than ... Read Answer >>
  4. What is foreign exchange?

    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
  5. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
  6. How does inflation affect the exchange rate between two nations?

    Understand how inflation can affect foreign exchange rates of a currency and how it is just one of many economic factors ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center