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Bank of Sierra Leone Foreign Currency Exchange Rate For October 2, 2023


The Bank of Sierra Leone has on the 2nd of October 2023 released the official foreign exchange rate in the country.

The rates include the cost of buying and selling major foreign currencies including U.S. dollars, Pounds Sterling, Euros, and Canadian Dollar, amongst others.

The Central Bank’s disclosed rates are as follows:



  • Pounds Sterling: Buy at Le 27.1073, Sell at Le 27.3888
  • U.S. Dollars: Buy at Le 22.2410, Sell at Le 22.4646
  • Swiss Franc: Buy at Le 24.3908, Sell at Le 24.6325
  • Euro: Buy at Le 23.5143, Sell at Le 23.7482

The exchange rate for other currencies is available here. 

Meanwhile, in the unofficial market, the US dollar settled at Le25 on Monday, October 2, 2023. This is according to parallel market operators in Central Freetown and Lungi.

As per Hanke’s currency watchlist, the Leone is currently the fifth most depreciated currency globally.



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RCBank Sets Record Straight After Video Implicates Bank in Fraud


Rokel Commercial Bank (RCBank) has refuted a video shared widely on social media implicating the bank in fraud.

According to video, the bank was depicted to be engaged in fraud after one of the speakers in the video said there were missing notes with the bank’s wrappers.

The speaker said the monies were collected from the bank.



But a press release from RCBank refuted the allegation citing that it is a mere ploy to smear the image of the bank and its staff.

“We have carefully analysed the video and it is considered that the contents were not only fictitious but we’re a brazen attempt to discredit the work of our dedicated and highly trained professional cashiers,” the bank’s management said.

They added that the intent of the video is to bring down the reputation of bank’s management by “individuals with ulterior motives”.

This is second time in less than two months such video surfed the web with the first implicating ECOBANK. RCBank said the move on ECOBANK is synonymous to the one targeting their bank.

“Apparently, as if the instructions given in the first instance weren’t clear, they decided to correct their first mistake by recording another video in their determined campaign to drag the good image of the Rokel Commercial Bank into the mud,” they said.

The management of the bank said they will be working with the Sierra Leone Police to investigate the video and bring to book those responsible.

They urge the public to disregard the video while branding it to be “mischievous, corrosive and a faceless attempt” to reduce the bank’s credibility.

Watch the video below:

 



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