"We didn't create the expectation of people..." Bank Governor says
Автор: JOSEPH JOHNSON
Загружено: 2023-03-18
Просмотров: 16
Last Year, the Sierra Leone’s Bank Governor Prof Kallon announced an intention to redenominate the currency reducing the three zeros from the Leones but the same value. One of the reasons according to the governor was to reset the economy. But almost eight months down the line, the two currencies are still in circulation with a deadline of April 1st 2023 for people to stop using the old notes as a legal tender but few weeks to the said date another release from Bank of Sierra Leone outlines an extension of the date from 1st April to 31st December 2023. This has left critics to believe that the redenomination has not made any difference in Sierra Leone’s economy but rather caused inflation while supporters say such a claim has no bearing to the dynamics of economics. But what has happened after the redenomination? Joseph Johnson finds out and now report
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