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The Bank of Sierra Leone (Amendment) Act, 2024
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Short title.
No. 3 2025
Sierra Leone
THE BANK OF SIERRA LEONE (AMENDMENT) ACT, 2024
Being an Act to amend the Bank of Sierra Leone Act, 2019
and to provide for other related matters.
[ ]
ENACTED by the President and Members of Parliament in this
present Parliament assembled.
PART I – PRELIMINARY
Section 26 of the Bank of Sierra Leone Act, 2019 isamended by repealing and replacing that section with the following
new section -
26. (1) The currency of Sierra Leone shall continue
to be the Leone.
(2) Prices for transactions in Sierra Leone shall be
indicated in Leones.
Date of commencement.
PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTING DEPARTMENT, SIERRA LEONE.
GAZETTE NO. 19 OF 13TH MARCH, 2025.
No. 3 The Bank of Sierra Leone (Amendment) Act 2024
Amendment
of section 26
of Act
No. 5 of
2019.
(3) The Leone shall be the currency for official purposes
in Sierra Leone, including accounting and financial reporting.
(4) The Leone shall be issued in banknotes and coins
and shall be prefixed by the sign 'NLe.' and 'c.' respectively:
Provided that, the prefix 'Le.' and 'c' shall be used when citing or
making references to financial transactions conducted using the old
Leones, which currency that was legal tender from the 4th August,
1964 and ceased to be legal tender effective 31st December, 2023.
(5) A person who contravenes this Act or statutory
instrument made thereunder commits an offence and is liable on
conviction, to a fine not less than NLe. 150, 000 or to imprisonment
for a term of not less than 3 years or to both such fine and
imprisonment."
"Currency of
Sierra Leone.
ACT
Supplement to the Sierra Leone Gazette Vol. CLXVI, No 19
dated 13th March, 2025
Passed in Parliament this 15th day of November in the year of our Lord
two thousand and Twenty Four. .
PARAN UMAR TARAWALLY,
Clerk of Parliament.
THIS PRINTED IMPRESSION has been carefully compared by me with the Bill
which has passed Parliament and found by me to be a true and correct printed copy
of the said Bill.
PARAN UMAR TARAWALLY,
Clerk of Parliament.
SIGNED this 10th day of March, 2025 .
DR. JULIUS MAADA BIO,
President.
LS
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