Sierra Leonean Leone in Eritrean Nakfa

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.

ERN Eritrean Nakfa

Country of application:
Eritrea

Coin denominations in circulation:
1, 5, 10, 25, 50 cents, 1 nakfa.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 nakfa.

History reference:
The Eritrean nakfa is the national currency and fiat money of the State of Eritrea, a state in East Africa. Nakfa was introduced in 1997 when it replaced the Ethiopian Birr after the War of Independe...nce. The country went through seven years of stabilization, reconstruction and development before the start of a new border war with Ethiopia in 1998. In mid-2018, a turning point took place in the external environment of Eritrea. Ethiopia signed a peace treaty with Eritrea in July 2018. Eritrea has begun to normalize relations with neighboring countries. In November 2018, the UN Security Council lifted sanctions on Eritrea. The current account surplus will remain high in 2020, driven by Eritrean remittances from abroad (12% of GDP) and mining exports (25% of GDP).