Last edited by Malaktilar
Monday, July 20, 2020 | History

2 edition of Money and banking in Sierra Leone. found in the catalog.

Money and banking in Sierra Leone.

Alwyn B. Taylor

Money and banking in Sierra Leone.

by Alwyn B. Taylor

  • 255 Want to read
  • 19 Currently reading

Published by Finafrica-Cariplo in Milan .
Written in English


Edition Notes

SeriesCredit markets of Africa -- 15
ID Numbers
Open LibraryOL13779883M

The Bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion (AFI). On 20 December , the member institution announced specific commitments [2] toward AFI's Maya Declaration to move further toward the eradication of financial exclusion in Sierra cy: Leone. banking legislation that was passed in and with the many rev-olutionary changes that are taking place in our financial system today. Most notably, the legislation is opening the door for banking, securities, and insurance activities to be merged together. At the same time, technological innovation, new financial theories.

Banking in Sierra Leone consists of a central bank, the Bank of Sierra Leone, seven commercial banks, and six community banks. Contents. Banking sector. The Civil War destroyed many of the branches of the country's commercial banks and as of there were 34 commercial bank branches, the majority in the major towns. “Supervisory Authorities" shall include the Unit, Bank of Sierra Leone, Sierra Leone Insurance Commission and all bodies or agencies established under an Act of parliament or any other law that regulates the conduct of individuals or organisations in an industry or a profession relevant to the implementation and enforcement of the Act.

Book your flights. Money and duty free for Sierra Leone Currency and Money Currency information. Leone (SLL) = cents. Notes are in denominations of , 5,, 2,, 1, Coins are in denominations of SLL, and 50 and Credit cards.   The Anti-Money Laundering Act, Being an Act to suppress money laundering and to provide for other related matters. [21st July, ] Enacted by the President and Members of Parliament in this present Parliament assembled. ACT. Supplement to the Sierra Leone Gazette Vol. CXXXVI, No. 39 dated 21st July,


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Money and banking in Sierra Leone by Alwyn B. Taylor Download PDF EPUB FB2

The Sierra Leone Financial System and millions of other books are available for Amazon Kindle. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App.

Then you can start reading Kindle books on your smartphone, tablet, or computer - Format: Paperback. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

Electronic books Electronic book: Material Type: Document, Internet resource: Document Type: Internet Resource, Computer File: ISBN: OCLC Number: Description: 1 online resource (12 pages): illustrations: Other Titles: Sierra Leone money & banking Sierra Leone money and banking: Reviews.

User-contributed. Preliminary arrangements for the establishment of a central bank including the drafting of the legislation then commenced. On 27th March,the Bank of Sierra Leone Act became law and the Bank began operation on 4th August,the day Sierra Leone changed.

BANKING FACILITIES. Sierra Leone’s banking system is overseen by its central bank, the Bank of Sierra Leone and twelve commercial banks operate in the country. All commercial banks are headquartered in Freetown. Accounts can be held in foreign and domestic currencies.

While automatic teller machines are available in Freetown. Considering the structure, the book sets for scholars, an ad-hoc platform for discussion that could give rise to significant political and economic analysis.

A brief synopsis of the book follows. The Bank of Sierra Leone was established to serve as an agency that would build up a reputation for the highest standards of management and integrity.

THE MOILE MONEY IN SIERRA LEONE ont’d Airtel money Formerly Zap, is the largest mobile money system in Sierra Leone. It has a customer base ofand 3, agents. Its products include money transfers, Payment of bills (DSTV and Electricity bills), payments for fuel in certain gas stations; 8.

Bank of Sierra Leone. The Financial Markets Department (FMD) is responsible for BSL’s activities in the Money and Foreign Exchange Markets and is also responsible for collecting and assessing market intelligence and development to support the Bank’s objective of.

The banks are the main players in the chain of payments, money and foreign exchange markets and they play an important role in the government securities market. The asset of the banking sector of Sierra Leone was per cent in compared to per cent in File Size: 1MB.

Other studies on Sierra Leone (Kallon, ; Bathalomew & Kargbo, ) use quarterly data and their analysis fail to examine how monetary policy is related to money demand and financial liberalization in Sierra Leone.

Also, previous works on Sierra Leone fail to explore the possibility of causality among real money balances,File Size: KB. A lot of players are already involved in the MMT ecosystem in Sierra Leone: MMT providers Splash and Airtel Money started offering services since They are supervised by the Bank of Sierra Leone via the banks that hold their trust accounts (CDAs); Banks are also agents for MMT and CBs and FSAs will become agents soon.

Our business strategy is built on being the bank of choice for businesses across the African continent. Using our extensive spread across the continent, we aim to facilitate inter–and-intra-African trade and also be the pivot for the inflow of investment capital.

The Bank of Sierra Leone was established inis the central bank of issue. he Banking Acts of provides for the regulations of commercial banks by the central bank, including the control of money.

Bank of Sierra Leone. Sierra Leone Commercial Bank. Access Bank. Ecobank. United Bank for Africa Guaranty Trust Bank Standard Chartered Bank Mattru Community Bank Here’s How You Can Make Money for Free. Quick Loans in America – From Personal Loans to Business Loans. Finance What is a Holding Company.

Investment Finding the. Ria is an international money transfer organization that allows funds to be sent and received directly to the recipient's account as specified by the sender.

Contact Us. Guaranty Trust Bank (SL) Ltd - Corporate Headquaters. Sparta Building. 12 Wilberforce Street Freetown Sierra Leone. E-mail: [email protected] Swift Code: GTBISLFR. Sector, Embassies, University of Sierra Leone and financial institutions.

On 30th September, the draft AML/CFT Bill was also discussed with the Parliamentarians at a training workshop organized by the Bank of Sierra Leone in collaboration with the World Bank and United Nations Office on Drugs and Crime (UNODC).

The one-day. Onsite visit of Assessors for the second round of Mutual Evaluation of Sierra Leone Onsite visit of Assessors for the second round of Mutual Evaluation of Sierra Leone by Regional Assessors of the Inter Governmental Action Group against Money Laundering in West Africa (GIABA) 15th to 26th July, Guaranty Trust Bank (SL) Limited.

The entrance of Guaranty Trust Bank (Sierra Leone) Limited, a subsidiary of Guaranty Trust Bank Nigeria, into Sierra Leone in has radically transformed the entire banking landscape and brought it in line with the fast-paced, customer-centric, technology-driven banking of the modern day.

UNIMAK Banking in Sierra Leone Banking in Sierra Leone consists of a Central Bank, the Bank of Sierra Leone, and a number of commercial banks, and six community banks. The Civil War destroyed many of the branches of the country's commercial banks and as of there were 34 commercial bank branches, the majority in the major towns.[2]File Size: 99KB.

The main objective of this research was to critically assess the impact of efficient credit management on profitability of commercial banks in Sierra Leone. For this purpose, the Rokel Commercial Bank was selected as a case study. Collection of secondary data was mainly from the five years financial statements of the bank for period toand annual reports of the : Daniel B.

Kaitibi, Ezekiel T. J. Ganawah, Musa A. Yokie, Muneer Jalloh, Bashiru M. Koroma.THE COMPLEMENTARY ROLE OF NON-BANK FINANCIAL INSTITUTIONS (NBFIS) IN SIERRA LEONE FINANCIAL INTERMEDIATION SPACE: A CASE STUDY OF NATIONAL CORPORATIVE DEVELOPMENT BANK, SIERRA LEONE.Money Sierra Leone has a cash-based society and bank or credit cards are only accepted in a few hotels in Freetown.

There are a few ATMs in the capital, but they are often out of cash.