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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 (2) Banknotes or coins withdrawn under subsection (1) shall, in accordance with the terms of the notice, cease to be legal tender but the holders of the banknotes or coins shall be entitled,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exchange banknotes or coins if their designs are illegible, misshaped or perforated and the banknotes or coins shall be withdrawn and destroyed without indemnity to the owner.

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