Section 48, The Bank of Sierra Leone Act, 2000

(1) The Bank may facilitate the clearing of cheques and other credit instruments for licensed institutions carrying on business in Sierra Leone. (2) For the purposes of subsection (1), the Bank may, at any appropriate time and in conjunction with other licensed institutions, organise a clearing house and provide facilities for it in Freetown and in such other place or places as may be desirable. [Margin: Development Credit Fund.]