From Awareness Times Newspaper in Freetown

NOTICES & DOCUMENTS
Bank Of Sierra Leone Results of the Four Hundred & Sixty Seventh (467th) Foreign Exchange Auction held by the BSL on 29th April 2009
By
May 6, 2009, 17:10

BANK OF SIERRA LEONE
Results of the Four Hundred & Sixty Seventh (467
th) Foreign Exchange
Auction held by the BSL on 29th April 2009

Total amount offered for sale……….........US$1,000,000.00
of which:
Amount offered through the competitive window...........US$1,000,000.00
Total amount sold…………..............….....US$720,000.00
of which:
Amount sold through the competitive window......…..........….......US$720,000.00
Total Amount offered for sale by the Public…….........NIL
Total Amount demanded………………….....US$ 720,000.00
Auction Rate Struck per US$ ................................................... LE3, 269.33

The Bank of Sierra Leone also wishes to make the following announcements:

The next foreign exchange auction will take place on Wednesday 6th May, 2009.

· The Bank of Sierra Leone will offer to sell an amount of US$1, 000, 000,00 in the competitive window only on Wednesday 6th May 2009.

The foreign exchange auction also provides a window for sellers of foreign exchange like Business Houses, Exporters, and other Internal Organizations, NGOs and Embassies to sell their foreign exchange at the auction rate on the date of the auction. The minimum offer amount should not be less than US$10,000.00.· The following auction limits should be adhered to:

-Lower limit in the competitive window…………….......US$20,000
-Maximum amount per bidder per auction in the Competitive Window………………………………..……US$50,000
-US$600,000.00 is allocated for all oil companies at a competitive rate.

Also, each oil company can only bid up to a maximum amount of US$300, 000 per aution.

-The maximum amount for the non-oil sector has been reduced from US$100, 000 to US$50,000 per bidder per aution to ensure a fair distribution of the available US$ 400,000 to the sector.
The Bank of Sierra Leone also announces for the information of the general public that for bids to be eligible for participation in the foreign Exchange Auction, non-bank participants should ensure that they forward originals of all import document in support of bids through their compliance with the Auction Guidelines by Friday 3:00 p.m. each week.

FINANCIAL MARKETS DEPARTMENT BANK OF SIERRA LEONE
BANK OF SIERRA LEONE



Β© Copyright 2005, Freetown, Sierra Leone.