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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 six per cent band whereby the upper bound of the band serves as the performance criterion (PC) or indicative target (ceiling).


Other Key Indicators

Recent Updates

CBS and PEMC formalise cooperation through MOU

23 Nov 2017

RFP Implementation of Risk Based Supervision

22 Nov 2017

Banks' Interest Rates 17.11.2017

21 Nov 2017

Full Subscription of the Treasury Bonds

16 Nov 2017

Banks' Interest Rates 10.11.2017

13 Nov 2017

Subscription of the Development Bank of Seychelles Bond and Treasury Bonds

07 Nov 2017

Banks' Interest Rates 27.10.2017

30 Oct 2017

Banks' Interest Rates 20.10.2017

23 Oct 2017

Consolidated Average Rates of Authorized Dealers

(November 23, 2017)
Buying Selling Mid-Rate Daily Change
USD 13.5808 13.9579 13.7694 0.1285
EUR 16.2223 16.4277 16.3250 0.2228
GBP 17.7443 18.5864 18.1654 -0.0295

Interbank Lending Rate for Week Ending 10-Nov-2017  Rate is  3.75 %

Inflation Rate for Oct 2017

Year on Year

12 Month Average

Month on Month




Read more

Average Interest Rates on T-Bills as at 21 November, 2017




2.47 %

3.00 %

3.68 %

Read more Application for T-Bills


  • 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