Sierra Leone: New Banknotes.

Sierra Leone on July 1st introduced a new family of banknotes, stripping three zeros off the leone, in a bid to restore confidence in the inflation-hit national currency. "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. "Our current currency is too big to fit into a wallet and we spend too much money printing oversized banknotes", Kelfala Murana Kallon, the central bank governor, told reporters in August 2021 as he announced the move. [Extracted from the article]