Salone Don Collapse

Sierra Leone Economy has gone mad and stupid. The Leone keeps depreciating day in, day out, to the extent that even our neighboring Guinean Franc is far better than the Sierra Leone Leone. This is happening at a time when the dollar keeps appreciating against the depreciating Leone.

Since he assumed office in 2018, President Julius Maada Bio has failed to stabilize the country’s economy, which he met in a better and stable state than what we find ourselves in today. In 2018, the US Dollar was Le 700,000 old Leones to One Hundred United States Dollars. Today, the One Hundred US Dollars is Two Million Four Hundred Thousand Old Leones. This tells you that the economy under President Julius Maada Bio has gone stupid.