IMF urges Bank of Sierra Leone to investigate cash shortages
Recent banknote shipment failed to alleviate shortage, fund says
The International Monetary Fund has advised Sierra Leone’s central bank to “expedite” new shipments of local currency following persistent currency shortages.
The fund also urged the central bank to modernise its monetary policy framework, so it is more “responsive to market developments”.
In its latest country report, the IMF said “acute” shortages of leone banknotes had emerged in 2020 following “exceptionally large” growth in currency outside of banks.
The Bank of Sierra Leone temporarily
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Banknotes
Portraits on banknotes: a study of the gender gap
Only Australia’s currency has gender parity; overall, less than 10% of portraited notes feature female images
SNB to launch new banknote series
Bank to “pay homage to the country’s unique topography” on new bills
ECB ‘did not approve’ production of €8,000 note
Central bank denies claims by issuing company that souvenir bill was created with its consent
Demand for cash: a global update
Antti Heinonen explores recent data on banknote demand and analyses its impact on cash infrastructure
Banknotes: July to September 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Central Bank of Kenya cuts rates by 25bp
First reduction in more than four years comes as inflation declines and CBK issues new banknotes
Japan issues first new banknotes in 20 years
New notes are fitted with 3D holograms
Banknotes: April to June 2024
A round-up of news and salient issues that have affected central bankers in the past three months