To formulate and implement monetary and supervisory policies to foster a sound economic and financial environment
Governor's Speech on the announcement of FinTech Challenge Winner(s)
The first round of three winners was announced in November last year, in this same venue, with each winner bagging Le100 Million as seed capital, meant to help test designs, buy in expert support and clarify the business case. Today, we are here to announce the winners for the second round of the challenge with an award of Le760 million for each winner.....more
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Payment Systems
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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Press Release The Bank of Sierra Leone Suspends the Operation of Eclipse Micro Finance (SL) Limited....Read more
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Press Release FOREIGN EXCHANGE RESERVES OF THE BANK OF SIERRA LEONE....Read more
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 MPC resolve to increase the Monetary Policy Rate (MPR) by 50 basis point to 15 per cent. The asymmetric corridor was fixed at +400 and -300 basis points around the MPR."...Read more
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Press Release of the FinTech Challenge & Sandbox Framework Four FinTechs Approved to Enter the Sierra Leone Sandbox Programme The Sierra Leone FinTech Initiative ends with the announcement of the InvestED as the winner of the Investment Challenge, and four Fintechs as the first participants of the Sandbox Framework....Read more
