Bank of Sierra Leone Announces Availability of Minted Coins for Public Use
Aaron Parker The Bank of Sierra Leone has announced that it has minted and released a sufficient quantity of coins into circulation to meet the needs of the economy.
In a recent press release, the Bank stated that the denominations currently available include 1 cent, 5 cents, 10 cents, 20 cents, and 50 cents coins.
To facilitate access to these coins, the public is encouraged to visit their commercial banks, community banks, and other Microfinance Institutions, where they can obtain coins directly over the counter.
For those seeking direct exchanges, the Bank of Sierra Leone has also made provisions for the public to exchange banknotes for coins at its Banking Hall located on Siaka Stevens Street in Freetown or at its branch in Kenema.
These exchanges will take place every Thursday between 9:00 a.m. and 1:30 p.m., offering a convenient option for members of the public to obtain coins.
The Bank emphasizes the importance of the coins in facilitating smooth transactions within the economy, encouraging individuals and businesses to incorporate them into their daily financial dealings.
This move is part of the Bank’s broader strategy to ensure the availability of all denominations of currency, promoting ease of trade and improving cash flow in the Sierra Leonean economy.
My question is this?
What can the public buy with the cent when everything is expensive…
Wow 😲!! Congratulations for your great effort, but we don’t understand how to use this 1 cent 5 cent 10 cents 20 cents
and 50 cents
They just wasted money to make them
Though coins don’t have any significant use for now. For the fact that there is nothing cent can buy right. Which makes them use less
You use it for play bet salone
I’m not an Economist but I have always said this, one of the many reasons we have inflation in Sierra Leone is the lack of coins in circulation. Thank GOD they are here now. Kudos to them. They should properly educate the public on how to use those coins
The News is good to hear
“Putting the cat before the horse ”
In Implementing this denominations these minted coins are the first to release when working on the value of the currency
Useless
Watin na d value of 1Leone
B4 u mention 50 cent
Been watched critically this a corruption in employment (Square peg in a round hole)
There is a corrupt act in this .