The Bank of Sierra Leone is the central bank of Sierra Leone. It issues the country's currency, known as the Leone. The bank formulates and implements monetary policy, including foreign exchange.

The objective and functions of Bank of Sierra Leone:

- To achieve and maintain price stability;
- To formulate and implement monetary policy, financial regulation and prudential standards;
- Act as banker, adviser and fiscal agent of the Government;
- Formulate and implement the foreign exchange policy of Sierra Leone;
- Conduct foreign exchange operations;
- Own, hold and maintain the official international reserves including the reserves of gold;
- Issue and mange the currency of Sierra Leone;
- Establish, promote, license and oversee sound and efficient payment and securities settlement systems;
- License, register, regulate and supervise financial institutions as specified in the Bank of Sierra Leone Act or any other enactment;
- Act as a depository for funds from international organizations

OWNERSHIP

The Bank of Sierra Leone is a body corporate and is 100% state-owned.