By Alusine Fullah

Pursuant to Section 29 of the Bank of Sierra Leone (BSL) Act 2019 it has released other new measures for the exchange of Old Leones. According to a press release that was released by BSL on the 28^th March, 2024, it vividly states that from 1^st April 2024 Commercial Banks shall cease to exchange the Old Leone. it reads: “…that from 1^st April, 2024 Commercial Banks shall cease to exchange the Old Leones for the Redenominated Currency (New Leone).”

The press release went further to state that from 1^st April 2024, the Old Leone can only be exchange for the New Leone at: the Bank of Sierra Leone offices in Freetown and Kenema or other designated places. Also, Apex Bank Sierra Leone is another designated bank for the exchange.