Section 5, The Currency Control and Economic Sabotage Act, 1989 [Margin: Short title.]

Any person who contravenes any of the provisions of sections 3 or 4 shall be guilty of an offence and liable— (a) On summary conviction to a fine of not less than two hundred and fifty thousand leones or to imprisonment for a term not exceeding two years or to both such fine and imprisonment; (b) On conviction on indictment to a fine of not less than five hundred thousand leones or imprisonment for a term not exceeding five years or to both such fine and imprisonment; (c) On the conviction of such person whether summarily or on indictment for an offence against the 2 No. 5 Currency Control and Economic Sabotage 1989 [Margin: Interpretation.] 2. In this Act, unless the context otherwise requires— "Currency hoarding" includes the keeping, possessing or obtaining of the national currency referred to in this Act, above the prescribed amount for longer than a period of three days. "Foreign Currency" means any currency other than the Leone. [Margin: Currency hoarding prohibited.] 3. No person shall hoard the national currency above the prescribed amount of one hundred thousand leones for more than a period of three days, the proof of which period shall lie on such person: Provided that— (a) a licenced diamond dealer or exporter may nave in his possession or keep an amount not exceeding five hundred thousand leones; (b) a licenced gold dealer or exporter may possess or keep an amount not exceeding two hundred and fifty thousand leones; and (c) a licenced produce dealer may hold or keep 'an amount not exceeding two hundred and fifty thousand leones. [Margin: Local currency to be deposited with banks.] 4. Every person shall deposit amounts of leones above the prescribed amount at a bank within three days after sucn moneys come into his possession, the proof of which period of possession shall lie on such person. [Margin: Offence and penalty for keeping and hoarding the local currency.] 5. Any person who contravenes any of the provisions of sections 3 or 4 shall be guilty of an offence and liable— (a) On summary conviction to a fine of not less than two hundred and fifty thousand leones or to imprisonment for a term not exceeding two years or to both such fine and imprisonment; (b) On conviction on indictment to a fine of not less than five hundred thousand leones or imprisonment for a term not exceeding five years or to both such fine and imprisonment; (c) On the conviction of such person whether summarily or on indictment for an offence against the No. 5 Currency Control and Economic Sabotage 1989 provisions of sections 3 or 4 the Court shall order a forfeiture of the whole amount so found to the State. [Margin: Economic sabotage.]