Native Consortium & Research Center has congratulated the New Bank Governor Dr. Ibrahim Stevens in a Press Release dated 4th November, 2023

Dr. Stevens, whose appointment is subject to Parliamentary approval Previously served as the Acting Governor of the Bank of Sierra Leone, a position he held since March 2023.

Meanwhile, the Consortium proffers four major Cardinal Monetary measures within the near to medium term if he wants to make any difference from his Predecessor. Below are the four Cardinal Monetary measures.

  1. Stabilize the runaway inflation that troubles the livelihood of ordinary citizens

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  2. Maintain the Local currency from the breakneck depreciation against the forex

  3. Maintain single currency by eliminating the old or new currency denomination

  4. Be a good listening Bank Governor by moving away from the conservative monetary regime to a pragmatic moral suasion (Targrun Economic) monetary model to deal with the masked black marketers.

Following the enactment of the Bank of Sierra Leone Act 2019, Dr. Stevens became First Deputy Governor of the Bank of Sierra Leone, responsible for Monetary Stability.

In his current role at the Bank of Sierra Leone, Dr Stevens has led several reforms at the BSL, including the modernization of the conduct of monetary policy and implementation, policy development for financial system stability, cash currency management, financial inclusion, digital financial services, and payments system architecture, among others. He was pivotal in establishing the BSL Fintech Challenge and Sandbox development, which was one of the first in the sub region and had received much international acclaim.

Dr. Ibrahim Stevens has been described by many economic experts as a visionary leader, a mentor, and a beacon of excellence in the financial world.