Sierra Leonean Leone in Argentine Peso

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.

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

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

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.