Friday, March 24, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Currencies

Sierra Leone: What Sierra Leoneans Say About BSL’s De-Domination of Currency

MtR by MtR
August 17, 2021
in Currencies
0
Sierra Leone: What Sierra Leoneans Say About BSL’s De-Domination of Currency


Following the announcement by Bank Governor on the proposed de-domination of Sierra Leonean currency, our Concord Times Alhaji Sani took to the streets of Freetown to scale the views of citizens on the latest development.

Thomas Bangura (student & petti-trader)

I am pessimistic about the whole thing. I believe Sierra Leone cannot just develop overnight, because some citizens are with the notion that the proposed change of our Leones is going to change the whole narrative. I pray that it happens, but I am sceptical. According to my understanding, if I am being paid le 400, 000 per month I will now be paid le 400, and if a bag of rice is le 400,000 it would now be le 400, therefore, it makes no difference.

Abdulai Sesay (computer hard and software expert)

Well,the governor himself has made it clear that the proposed de-denomination of the Leones will only create psychological development. I did not see it necessary to bring these changes at this material time. I am not an economist hence I can’t access the nitty gritty of the proposed changes. Let the governor come and explain in detail to us. Some of Professor’s policies have not work well for the country’s economy. I remember the auction of Dollars by Professor Kelfala, it didn’t create any impact, and our economy is still shattered.

Thairu Saw (university student & petti-trader)

I have no doubt that professor Keifala’s intention of de-denomination of our currency is nothing but a scam. Our dire needs are job and food security. We don’t want anything that won’t bring positive change to our lives. We need physical changes and not psychological ones. Lonta!

Emmanuel Wusenie (security guard )

It is welcoming news, I am very happy to hear such news from the Bank Governor. The only thing is that I am highly uneducated on this currency issue. The authorities need to come down to explain and educate us about this the changes they want to do. Please! Let them come and educate us, I am totally confused and I have no idea about the re-denomination of our currencies.

Ali Jalloh (trader at Kroo-town Road)

I heard the news but I have no clue, I don’t clearly understand the reason behind the proposed changes of our currency. I am in limbo; the revelent authorities need to better educate us on this currency matter. My dream and prayer is to see things becoming better in the country. I hope what the Government is intending to do will bring development in the nation.

Sign up for free AllAfrica Newsletters

Get the latest in African news delivered straight to your inbox


Success!

Almost finished…

We need to confirm your email address.

To complete the process, please follow the instructions in the email we just sent you.


Error!

There was a problem processing your submission. Please try again later.

Related articles

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

August 10, 2022
Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

August 10, 2022

Ivan Johnson (student & trader)

I hope this proposed change would not fail like the auctioning of dollars which was done by the same Bank of Sierra Leone. The biggest problem is that the government need to engage on serious education and sensitization of its citizens. Hence the government should go back to the drawing board on this issue.

Fatmata Kamara (trader at Kroo town road)

I heard the news and it came with some mixed feelings on me. I am only praying that what they intend to do will be something that would benefit this nation. I am almost loosing hope that this country would actually develop to our expectations, but all is in the hands of Allah the creator.

Alpha Jah (street hustler)

This government has failed us woefully, and I don’t trust anything they intend to do until I see it comes to past. Let the Government do whatever they want to do in as much as we don’t have war in the country.If changing our currency would solve the problem of this nation, let the Government go ahead, we are waiting to see the result.



Source link

Related Posts

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

by MtR
August 10, 2022
0

Today's Currency Winner: The Japanese Yen  The Wall Street Journal Source link

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

by MtR
August 10, 2022
0

The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82...

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

by MtR
August 10, 2022
0

The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency....

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity – Victor Harbor Times

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity – Victor Harbor Times

by MtR
August 10, 2022
0

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity  Victor Harbor Times Source link

Balance introduces Balance Compliance for Canadian MSBs dealing in virtual currency

Balance introduces Balance Compliance for Canadian MSBs dealing in virtual currency

by MtR
August 9, 2022
0

TORONTO--(BUSINESS WIRE)--Balance, Canada’s largest digital asset custodian, today unveiled Balance Compliance, a turnkey solution which streamlines regulatory compliance for FINTRAC...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Investment in overseas real estate surges : The DONG-A ILBO

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022
U.S. inflation CPI report, Wall Street, currencies

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022
Alberta oil production set new record in first half of 2022

Alberta oil production set new record in first half of 2022

August 10, 2022
Industrial Lubricants Market to Reach $71 Billion by 2027.

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022
U.S. inflation CPI report, Wall Street, currencies

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022
Alberta oil production set new record in first half of 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter