The Bank of Sierra Leone has on the 4th of October, 2024 released the official foreign exchange rate in the country.

The rates include the cost of buying and selling major foreign currencies including Pounds Sterling, Euros, and United States Dollar, amongst others.

In the week from September 30 to October 4, 2024, the US dollar experienced notable gains against both the British pound and the euro, marking a significant shift in the foreign exchange market.

The Central Bank’s disclosed rates are as follows:

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Pounds Sterling: Buy at Le 30.2348, Sell at Le 29.9318

U.S. Dollars: Buy at Le 22.7415, Sell at Le 22.5153

Euro: Buy at Le 25.1831, Sell at Le 24.9328

Meanwhile, in the unofficial market, the US dollar settled at Le25 (Buying) and Le24.2 (Selling) on Monday, October 7, 2024. This is according to parallel market operators in Central Freetown and Lungi.

NOTE: The Movements in the exchange rate influence the decisions of individuals, businesses and the Sierra Leone government. Collectively, this affects economic activity, inflation and the balance of payments.