Law library · Sierra Leone · THE BANK OF SIERRA LEONE ACT 2019
Section 31, THE BANK OF SIERRA LEONE ACT 2019
Status not yet checkedTHE BANK OF SIERRA LEONE ACT 2019, Sierra Leone
(1) The Bank shall withdraw from circulation anybanknotes or coins issued by the Bank or the circulation of which it
has otherwise authorised on payment of the face value by giving
notice in the Gazette and in at least three newspapers of general
circulation in Sierra Leone and in all the community radio stations in
Sierra Leone.
(2) Banknotes or coins withdrawn under subsection (1)
shall, in accordance with the terms of the notice, cease to be legal
tender but the holders of the banknotes or coins shall be entitled, at
any time within the period designated in the notice, to claim payment
from the Bank in accordance with regulations as the Bank may
prescribe.
(3) The Bank may decline to exchange banknotes or coins
if their designs are illegible, misshaped or perforated and the
banknotes or coins shall be withdrawn and destroyed without
indemnity to the owner.
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