Section 27, THE BANK OF SIERRA LEONE ACT 2019

(1) The Bank shall have the sole right of issuingbanknotes and coins in Sierra Leone and no other person or institution; Government or private shall issue banknotes or coins without the express authorisation of the Bank. (2) The Bank shall arrange for the printing of banknotes, the minting of coins and for all other related matters including the security and safe keeping of un-issued banknotes or coins and the custody and destruction, as may be necessary, of unfit and retired banknotes or coins. (3) Banknotes or coins issued by the Bank shall be in denominations, composition, form and design as shall be approved by the Board after consultation with the Minister. (4) The Bank shall by statutory instrument determine the characteristics of banknotes and coins issued by the Bank, including security, and other features of the banknotes. (5) The Bank shall be responsible for maintaining an appropriate supply of banknotes and coins. (6) The aggregate amount of banknotes and coins in circulation issued by the Bank shall appear as a liability in the financial statements of the Bank.