The Bank of Sierra Leone (BSL) announced on August 11 in Freetown during a press conference the redenomination of the Leone currency. This change will take place in this year 2021.

The national currency, the Leone will experience changes with the removal of the last three zeros on the banknotes. For this innovation, BSL Governor Prof Kelfala Kallon said the decision will make it easier for people who carry "a whole amount of cash to do little". According to him, it will be a matter of removing three digits and making it easier to calculate the thousands and millions of the exchange rate. Removing the last three digits will not affect the value of the Leone or the exchange rate. In practice, a current 1,000 Leones note will become 1 Leone, 2,000 Leones will become 2 Leones, 5,000 Leones will become 5 Leones and 10,000 Leones will become 10 Leones.