Sierra Leone-Economy-Currency

Sierra Leone’s Central Bank unveils new currency notes

APA-Freetown (Sierra Leone)

Sierra Leone has unveiled samples of two new currency notes carrying the portrait of outgoing President Ernest Bai Koroma and his predecessor.

[Central] Bank of Sierra Leone Governor Patrick Conteh presented a sample of the notes to President Koroma on Friday, during the Governor’s yearly dinner.

According to the samples, the new 5,000 Leones note will bear the portrait of the late President Ahmed Tejan Kabbah, while the new 10,000 Leones note will bear the Portrait of President Koroma.

The 10, 000 leones note is the highest currency denomination in the country.
Kabbah was president of Sierra Leone from 1996 to 2007 when he handed over to Koroma after the candidate of his Sierra Leone People’s Party lost in elections that year. The late former President has been hailed for nurturing democracy in a country with a turbulent history of war and coups.

Koroma on the other hand, is stepping down in March after elections that will usher in a new president. Bank of Sierra Leone officials say the new notes are a way of honoring the two leaders.

Friday’s event marked the maiden speech of Governor Conteh who was appointed in July last year, after his predecessor, Dr Kaifala Marah, resigned to contest the presidential ticket of the governing All People’s Congress. Marah is now Foreign Affairs Minister, after failing to secure the APC ticket.

The Governor’s Annual Dinner provides a platform for the sitting governor to set out his vision for the banking sector. It’s also used to showcase the Bank’s policy direction and strategic objectives.

Friday’s event was hosted on the theme: ‘Promoting Inclusive Growth Through Financial Inclusion’.


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