Section 1: In this Act, unless the context otherwise requires–

"agent means any legal entity to whom the bank has issued a written authorisation to carry out specific functions on behalf of the bank; "Bank" means the Bank of Sierra Leone; "Board" means the Board of Directors of the Bank referred to by section 7; "Deputy Governor" means the Deputy Governor of the Bank; "financial institution" means an institution licensed and subject to regulation and supervision by the Bank under this Act or any other enactment; "Government" means the Government of Sierra Leone; "Governor" means the Governor of the Bank; "Minister "means the Minister responsible for finance; "monetary liabilities" means currency in circulation and financial claims against the Bank except the Bank's liabilities to the Government and international financial organizations.