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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 third quarter of 2017, the quarterly average target is R3,255 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 15.09.2017
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18 Sep 2017

Notice SEFT PHASE 2 Downtime
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14 Sep 2017

Banks' Interest Rates 08.09.2017
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11 Sep 2017

Banks' Interest Rates 01.09.2017
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04 Sep 2017

Banks' Interest Rates 25.08.2017
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28 Aug 2017

Central Bank of Seychelles announces a change of name to the Three Year Treasury Bond issued for individuals only
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25 Aug 2017

Banks' Interest Rates 18.08.2017
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21 Aug 2017

Licences of GCC Exchange (Seychelles) Pty Ltd
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18 Aug 2017





Consolidated Average Rates of Authorized Dealers

(September 19, 2017)
Buying Selling Mid-Rate Daily Change
USD 13.4491 13.8837 13.6664 -0.1069
EUR 16.0923 16.5963 16.3443 -0.0187
GBP 18.2033 18.8007 18.5020 0.0647



Interbank Lending Rate for Week Ending 15-Sep-2017  Rate is  3.75 %



Inflation Rate for Aug 2017

Year on Year

12 Month Average

Month on Month

3.9%

1.6%

0.1%

Read more



Average Interest Rates on T-Bills as at 19 September, 2017

91-day

182-day

365-day

3.62 %

4.58 %

5.60 %

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.

    More Details

  • 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.

    More Details

  • Seft Phase II Downtime


    The Central Bank of Seychelles and the Seychelles Banker’s Association would like to inform the general public that the Seychelles Electronic Funds Transfer (SEFT) system would be temporarily down, as from close of business, Friday, September 15th, 2017 up to Sunday, September 17th, 2017. This is necessary for essential maintenance and upgrade of the SEFT platform, which facilitates domestic money transfers through a secure online communication between banks. Other banks’ online banking platform linked to SEFT system will also experience service interruptions during that period.

    More Details