Law library · Sierra Leone · The Bank of Sierra Leone Act, 2000
Section 26, The Bank of Sierra Leone Act, 2000
Status not yet checkedThe Bank of Sierra Leone Act, 2000, Sierra Leone
(1) Notes issued by the Bank shall be legal tender in Sierra Leone at their face value for the payment of any amount. (2) Coins issued by the Bank shall, if such coins have not been tampered with, be legal tender in Sierra Leone at their face value up to an amount not exceeding one thousand leones.
(3) Notwithstanding subsections (l) and (2), the Bank shall have power, on giving not less than three months notice in the *Gazette* and in one newspaper of general circulation in Sierra Leone, to call in any of its notes and coins, on payment of the face value thereof and such notes and coins, with respect to which a notice has been given under this subsection shall, on the date specified in the notice, cease to be legal tender.
(4) The Bank may, by notice published in the same manner as notice given under subsection (3), specify a period during which notes or coins which have ceased to be legal tender may, nevertheless be exchanged at the Bank.
[Margin: Tampering with coins.]
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