Since its creation in 1978, the Seychelles Monetary Authority and, as of 1983 its successor the Central Bank of Seychelles (CBS), have undergone various stages of adaptation with the aim of turning it into a modern and efficient institution, equipped to discharge its responsibilities with professionalism and efficiency. The Central Bank of Seychelles Act, 2004 provides for the Bank to operate as an autonomous institution, reinforcing its status as the authority responsible for all monetary issues in the country and caters for the further development of the financial sector within the new economic environment. The main objectives of the Central Bank are:
The CBS
also advises the Government on banking, monetary and financial matters and in particular on the monetary implications of proposed fiscal policies or operations of the Government.
The aim of this site is to share information about the Central Bank’s role in the domestic economy, the instruments used to achieve its objectives as well as the results of its operations on the domestic market. This site provides access to the Bank’s publications, monetary policy, banking sector regulations, insurance business regulations and so on. Furthermore, it contains a library of legal documents governing the financial sector and the establishment and operation of the banking industry in
Seychelles
.
