Chinese Yuan Renminbi in Sierra Leonean Leone

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.

SLL Sierra Leonean Leone

Country of application:
Sierra leone

Coin denominations in circulation:
10, 50, 100, 500 leons.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000 leons.

History reference:
Leone (Sierra Leonean leone) is the national currency and fiat (fiduciary) money of the Republic of Sierra Leone (Republic of Sierra Leone) since 1963, when it replaced the previous official currency... - the West African pound in the ratio of 1 pound = 2 leone. Initially, the leone was pegged to the pound sterling, then to the SDR, then to the US dollar, and since 1986, the leone has become a freely convertible currency. The coups and civil war that continued after independence caused an economic crisis and inflation in the country, which continues to this day. The Republic of Sierra Leone is a small West African country on the Atlantic coast. Sierra Leone, home to the worlds third largest natural harbor, was once a British colony and gained independence in 1961.