Section 30, The Bank of Sierra Leone Act, 2000

(1) The foreign exchange regime of Sierra Leone shall be determined by the Government after consulting the Bank and shall be consistent with the obligations of any international treaty to which Sierra Leone is a party or which it has ratified. (2) The Government may declare an external value for the leone and any change thereof. (3) Where the Government does not declare any external value for the leone or any other exchange system, the exchange rates for the leone against other currencies shall be determined in the market. [Margin: Exchange rate policy.]