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Our Mission : To contribute towards the sustainable economic growth and development of Seychelles through prudent monetary policy and maintenance of a sound financial system

Welcome to the official website of the Central Bank of Seychelles

The primary objective of the Bank is to promote domestic price stability. The other objectives of the Bank are -

a) to advise the Government on banking, monetary and financial matters, including the monetary implications of proposed fiscal, credit policies or operations of the Government; and

b) to promote a sound financial system. Read more

The Interest Rate Corridor (IRC) shall be effective as from July 19, 2017 in line with the start of the new Minimum Reserve Requirement (MRR) maintenance period.

As at the second quarter of 2014 the Reserve Money target is calculated on a quarterly average basis. For the fourth quarter of 2017, the quarterly average target is R3,553 million. This is surrounded by a symmetrical three per cent band whereby the upper bound of the band serves as the performance criterion (PC) or indicative target (ceiling).


Progress

Other Key Indicators

Recent Updates

Banks' Interest Rates 13.10.2017
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16 Oct 2017

Banks' Interest Rates 06.10.2017
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09 Oct 2017

Banks' Interest Rates 29.09.2017
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02 Oct 2017

Notice of Best Evaluated Bidder - Cash Cycle Management and Operations Facility
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27 Sep 2017

Press Release - Monetary Policy Decision(2017 Q4)
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26 Sep 2017

Banks' Interest Rates 22.09.2017
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25 Sep 2017

Financial Stability Committee Discussions
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25 Sep 2017

Banks' Interest Rates 15.09.2017
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18 Sep 2017





Consolidated Average Rates of Authorized Dealers

(October 18, 2017)
Buying Selling Mid-Rate Daily Change
USD 13.4231 13.9002 13.6617 -0.0024
EUR 16.1107 16.3664 16.2386 0.0235
GBP 17.6013 18.3553 17.9783 -0.1936



Interbank Lending Rate for Week Ending 13-Oct-2017  Rate is  3.75 %



Inflation Rate for Sep 2017

Year on Year

12 Month Average

Month on Month

3.2%

1.9%

-0.3%

Read more



Average Interest Rates on T-Bills as at 17 October, 2017

91-day

182-day

365-day

2.97 %

3.83 %

4.80 %

Read more Application for T-Bills




Notice

  • Issuance of Bonds


    As of August 07, 2017, the Financial Markets Division of the Central Bank of Seychelles will be administering the issue of three Treasury Bonds, on behalf of the Government of Seychelles and one on behalf of the Development Bank of Seychelles.

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  • Procurement Policy


    The Central Bank of Seychelles’ (CBS) procurement activities are guided by its Procurement Policy. To better align these with best international practices and those of Government, in March 2015 the CBS’ Board approved revisions to the Policy. The Policy sets out amongst other things the approved procurement methods, bidding process, bid evaluation, award of contract, complaints handling and terms of contract.

    To access the abridged version of the Procurement Policy please click this link.

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  • Best Evaluated Bidder - Cash Cycle Management and Operations Facilitye


    Notice is hereby given that on 25th September 2017, the Central Bank of Seychelles (CBS) has determined that Giesecke & Devrient FZE of Dubai Airport Free Zone, 6WB, Dubai, United Arab Emirates was the best evaluated bidder and has been recommended for award of contract towards the development of a modern cash cycle management and operations facility for the CBS

    More Details