18/03/2020: COVID-19 pandemic impact
The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.
13/10/2011: Record high exchange rate
The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.
27/04/2010: Adoption of new currency symbol
Sierra Leone adopts a new currency symbol for the leone (Le), representing its cultural heritage and national identity.
06/10/2008: Global Financial Crisis
The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.
29/07/2003: Introduction of new leone notes
Sierra Leone introduces a new series of leone banknotes with enhanced security features to combat counterfeiting.
30/06/1996: Introduction of the polymer banknotes
Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.
22/02/1996: Civil war ends
The Sierra Leonean Civil War comes to an end, providing an opportunity for economic stabilization and currency reform.
08/03/1983: Floating of the Australian dollar
The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.
29/04/1980: Coup d'etat
A military coup takes place in Sierra Leone, leading to economic instability and a decline in the value of the leone.
15/07/1974: Redenomination of the leone
Sierra Leone redenominates its currency, replacing the old leone with a new leone at a ratio of 1:4.
12/12/1971: End of the fixed exchange rate
Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.
04/11/1971: Introduction of decimal currency
Sierra Leone adopts a decimal currency system, replacing the pound with the leone as its new official currency.
13/02/1966: Decimalisation of the Australian currency
Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.
27/04/1961: Independence of Sierra Leone
Sierra Leone gains independence from the United Kingdom, introducing the Sierra Leonean leone as its official currency.