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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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