DIRECTIVES ON OVER-THE-COUNTER CASH WITHDRAWALS WITHIN THE BANKING SYSTEM IN SIERRA LEONE
8th July, 2022 TO: ALL LICENSED COMMERCIAL BANKS AND OTHER DEPOSIT TAKING FINANCIAL INSTITUTIONS WHEREAS the Bank of Sierra Leone is desirous of developing and modernizing the payment system in Sierra Leone; AND WHEREAS the Bank of Sierra Leone is desirous of reducing the cost of banking services (including cost of credit); and of driving […]
Bank of Sierra Leone Launches new currency
Sierra Leone on Friday introduced a new family of banknotes, stripping three zeros off the leone, in a bid to restore confidence in the inflation-hit national currency. The Bank of Sierra Leone announced the move last August, insisting the public’s purchasing power would not be affected by the change. “We have removed three zeros from […]