Section 10, The Bank of Sierra Leone Act, 2000

(1) The minimum paid-up capital of the Bank shall be fifty billion leones. (2) The paid-up capital shall be subscribed and held exclusively by the Government. (3) There shall be paid up by the Government such amounts as may from time to time be resolved by the Board and approved by the Minister. No. 3 Bank of Sierra Leone Act 2000 33 (4) The Minister may by warrant authorise the payment from the Consolidated Fund of such sums as may be required for the purpose of subscribing to the paid-up capital of the Bank. (5) Without prejudice to subsections (3) and (4), the Minister may seek credit for the purpose of subscribing to the paid-up capital of the Bank. (6) Subject to section 71, where in the judgment of the Board, the assets of the Bank are less than the sum of its liabilities and minimum paid-up capital, the Board shall notify the Minister who shall, notwithstanding any other provision of this Act, authorise the transfer to the Bank of funds, readily marketable securities or foreign exchange for the purpose of preserving the minimum paid-up capital of the Bank from impairment. [Margin: Profit and general reserves.]