Sierra Leone Launches First Mobile Financial Services Guidelines

Date: 
20 Nov 2015

The Central Bank, Bank of Sierra Leone, in partnership with the United Nations Development Programme (UNDP) and the United Nations Capital Development Fund (UNCDF) launches the country’s first mobile money regulations to accelerate the delivery of financial services to the poor, including women and youth.

Governor Momodu Kargbo noted that the launch of the Mobile Financial Service Guidelines is in line with the Central Bank’s objective to expand financial services to the poor especially in rural areas but to also ensure overall financial inclusion. He noted further “This is not only for the convenience but as an avenue to ensure that as many Sierra Leoneans as possible are included in the formal financial system of our country.”

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Country: 
Sierra Leone