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Section 51, The Banking Act, 2019

Status not yet checkedThe Banking Act, 2019, Sierra Leone

(1) The Central Bank may require a bank or financialholding company to periodically report their open foreign exchange position on a currency by-currency basis or overall open position, in such form and supported by such documents as may be prescribed by the Central Bank. (2) A bank or financial holding company shall maintain the maximum limits on its open position in foreign currencies, precious metals and precious stones as may be prescribed by the Central Bank.

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