Section 47, THE BANK OF SIERRA LEONE ACT 2019

(1) Without prejudice to the Bank's objective to achieveand maintain price stability, the foreign exchange regime of Sierra Leone shall be determined by the Minister after consultation with the Bank and shall be consistent with the obligations of any international treaty to which Sierra Leone is a party. (2) The Minister may declare the external value for the Leone and any change of its value. (3) Where the Minister does not declare the external value of the Leone or any other exchange system, the exchange rates for the Leone against other currencies shall be determined in the market.