Bank of Sierra Leone

Bank Of Sierra Leone

Central Bank
Central Bank Less

Bank of Sierra Leone

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Description:
The Bank of Sierra Leone is the central bank of Sierra Leone. It issues the country's currency, known as the Leone. The bank formulates and implements monetary policy, including foreign exchange.

The current governor of the Bank of Sierra Leone is Sheku Sambadeen Sesay, who was appointed by president Ernest Bai Koroma on July 1, 2009. He succeeded Samura Kamara who took over as Sierra Leone Minister of Finance. The current deputy Governor is Andrina Rosa Coker, who was appointed by president Ernest Bai Koroma on October 6, 2008.

The Bank Headquarter is at Siaka Stevens Street in the Central business district in Downtown Freetown.

History

In order to create an independent economy for the new country, the government drafted legislation to create a central bank and a new currency. The enabling legislation was passed on 27 March 1963 and the bank began operations on 4 August 1964. At the same time, the Leone was inaugurated, using a decimal system of currency.

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