Post a comment
After the introduction of a new family of banknotes, stripping three zeros off the leone, The deadline for the exchange of all old notes is slated for 30th September 2022.
The Bank of Sierra Leone announced earlier that From the 1st of October to the 15th of November all old notes must be exchanged through the designated outlets that will be announced by the Bank of Sierra Leone.
Sierra Leoneans will be able to use both the old and new notes during a transition period until September 30, but From October 1, the old currency will cease to be legal tender.
The public will be able to swap the old currency for the new one until November 15, Bank governor Kallon said in a statement.
Sierra Leone earlier introduced a new family of banknotes, stripping three zeros off the leone, in a bid to restore confidence in the inflation-hit national currency.
The Bank of Sierra Leone announced the move last August, insisting the public’s purchasing power would not be affected by the change.
“We have removed three zeros from our banknotes but the money yesterday is the same value as today,” President Julius Maada Bio said at ceremonies at the central bank where the new bills were unveiled.
