Bank of Sierra Leone

Bank of Sierra Leone

Headquarters	Freetown, Sierra Leone
Established	27 March 1963
Governor	Sheku Sambadeen Sesay, since 1 July 2009
Central bank of	Sierra Leone
Currency	Leone
Website	http://www.bsl.gov.sl/

The Bank of Sierra Leone is the central bank of Sierra Leone. It issues the country's currency, known as the Leone. The bank formulates and implements monetary policy, including foreign exchange.

Organisation and activities

The current governor of the Bank of Sierra Leone is Sheku Sambadeen Sesay, who was appointed by president Ernest Bai Koroma on 1 July 2009. He succeeded Samura Kamara who took over as Sierra Leone Minister of Finance. The current deputy Governor is Andrina Rosa Coker, who was appointed by president Ernest Bai Koroma on 6 October 2008.

The Bank Headquarters is at Siaka Stevens Street in the Central business district in Downtown Freetown.

The Bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion (AFI).^[1] On 20 December 2012, the member institution announced specific commitments^[2] toward AFI's Maya Declaration to move further toward the eradication of financial exclusion in Sierra Leone.

History

In order to create an independent economy for the new country, the government drafted legislation to create a central bank and a new currency. The enabling legislation was passed on 27 March 1963 and the bank began operations on 4 August 1964. At the same time, the Leone was inaugurated, using a decimal system of currency.

References

↑ http://www.afi-global.org/about-afi/members
↑ "Bank of Sierra Leone makes specific commitments to Maya Declaration". AFI Global - Bringing smart policies to life.

External links

Sierra Leone articles

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Central banks

Global

Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

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Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4

Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system

International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

List of central banks Central banks and currencies of Africa Central banks and currencies of the Caribbean Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

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Bank of Sierra Leone

Organisation and activities

History

See also

References

External links