Law library · Sierra Leone · THE BANK OF SIERRA LEONE ACT 2019
Section 62, THE BANK OF SIERRA LEONE ACT 2019
Status not yet checkedTHE BANK OF SIERRA LEONE ACT 2019, Sierra Leone
(1) The Bank shall serve as the depository and fiscalagent for the institution through which dealings is conducted with
international financial institutions of which Sierra Leone is a member.
Depository
and fiscal
agent.
Banker to
Prohibited
operations.
No. 5 Bank of Sierra Leone Act 2019No. 5 Bank of Sierra Leone Act 201936 37
(2) The Governor or Deputy Governors or their designees
shall represent the Bank in dealing with regional and international
financial and monetary institutions.
(3) Without limiting the generality of section 61, the Bank
may, on the terms and conditions it shall agree with the Minister, act
as fiscal agent for the account of the Government and Government
agencies, in the following matters:-
(a) distribution of debt securities issued by
them, or as registrar and transfer agent of
the debt securities;
(b) payment of principal and interest and other
charges on such securities;
(c) execution of payment transactions
concerning their accounts at the Bank; and
(d) such other matters as shall be consistent with
the object for which the Bank is established.
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