To formulate and implement monetary and supervisory policies to foster a sound economic and financial environment
BSL Sandbox Program
The Bank of Sierra Leone (BSL) seeks to provide a regulatory environment that is conducive for the deployment of new and innovative financial technologies (FinTech) and business models in Sierra Leone. This includes reviewing and adapting regulatory requirements or procedures that may unintentionally inhibit consumer-friendly innovations or render them non-viable....more
An electronic system for settling financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.
Financial Inclusion Access to a transaction account is a first step toward broader financial inclusion since it allows people to store money, and send and receive payments.
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Inflation Rate Inflation rate for the period December, 2015 to January, 2018.
Interest Rate Interest rate for the period December, 2015 to February, 2018.
BSL Commissions Geospatial Study on Financial Inclusion For the purpose of this report, the analysis of access was limited to access points per 10,000 adults and usage dimension was also limited to number of registered businesses per 10,000 adults...more
Revamped FSDP Framework on Course as World Bank Ends Stock Take The World Bank has recently concluded a stock take of the financial sector development plan lead by the Bank of Sierra Leone clearing the way to revamp the framework in the new FSDP 2 The objective of the FSDP is to provide a framework for creating a sound, diversified, responsive and well-functioning financial system that would provide appropriate support to productive activities, thereby contributing to economic growth and poverty alleviation...more
Governor Patrick S. Conteh calls for Renewed Commitment to Financial Education "There is increasing recognition, among a wide range of stakeholders of the importance of strengthening current levels of financial literacy in Sierra Leone. This is partly because the increased availability of credit, the growth of microfinance, the expansion of remittance networks and the development of branchless banking are making financial products available to people who were previously outside the financial system. "...see more
Gov Patrick S Conteh Sensitizes a petty trader
Monetary Policy Announcement "The MPCresolve to increase the Monetary Policy Rate (MPR) by 50 basis point to 14.5 per cent. The asymmetric corridor was fixed at +450 and -250 basis points around the MPR."...Read more