Law library · Sierra Leone · The Banking Act, 2019
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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