Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said.
On July 1, the West African country stripped three noughts off its banknotes in a bid to restore confidence in the inflation-hit currency, the leone. The old and new notes both remain in circulation for the moment. The transition period was due to end on October 1, when the old leone ceased to be legal tender, but has now been extended for six months, the bank announced late Thursday. "The transition period of 1st July, 2022 to 30th September, 2022 (wherein both the Old Leone and the New Leone shall be legal tender) is hereby extended to 31st March, 2023," it said on social media, without …
