The Salone Payment Switch (SaPS) is part of the Sierra Leone Financial Inclusion Project, which aims at making banking and financial transactions very easy and comfortable for customers. This Project...
In a significant move aimed at addressing the rampant inflation and weakened local currency, the Bank of Sierra Leone (BSL) has officially allowed the payment of certain goods and services in foreign currencies...
Ibrahim L. Stevens, the Acting Bank Governor, has announced that the Parliament has approved an amendment to the Bank of Sierra Leone Act, 2019. This amendment now permits the use of currencies other...
The Bank of Sierra Leone has announced the launch of the National Payment Switch, a major step towards enhancing financial inclusion and modernizing the country's payment system. As of Saturday, 29...
The Sierra Leone legal tender, Leones now rank as the fifth most depreciated currency according to Hanke’s currency watchlist. The data computed by Steve H. Hanke, The Johns Hopkins University says...
The Governor of Bank of Sierra Leone, Professor Kelfala Kallon, has informed the public that he was not placed on immediate leave but he requested for it. He clarified that he was entitled to 42 working...
The Acting Bank Governor, Ibrahim Stevens has announced that Sierra Leone’s Central Bank will start using a National Payment Switch (NPS) system. The new system is geared towards assisting banks bridge...
Sierra Leone's Central Bank has informed the public that it has raised its benchmark lending rate to 18.75 per cent after reviewing recent macroeconomic and financial developments in the global and domestic...
The Bank of Sierra Leone (BSL) has in their recent Monetary Policy Statement (MPS) warned that inflation will continue to rise in the country. The Central Bank said that the inflation rate is expected...
The Acting Bank Governor of Bank of Sierra Leone, Dr. Ibrahim Stevens has given assurance to fix the country’s ailing economy. According to journalist Amadu Lamrana Bah, Dr. Stevens said he will put...
