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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

As at the second quarter of 2014 the Reserve Money target is calculated on a quarterly average basis. For the first quarter of 2017, the quarterly average target is R3,005 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

Commercial Bank's Applicable Rates on Deposits and Lending
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17 February 2017

Press Release - Demonetisation of the 1998 to 2005 Series of 100 and 500 Rupee Banknotes
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15 February 2017

CBS Balance Sheet Nov 2016
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19 January 2017

Press Release - Monetary Policy Decision December 2016
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30 December 2016

Keynote speech delivered by Ms. Caroline Abel, Governor of the Central Bank of Seychelles on the occasion of the unveiling of the new family of currency
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01 December 2016

2016.10 (PR) FSC meeting discussions (2016Q1-2016Q2 review)
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24 November 2016

JOINT PRESS COMMUNIQUE - Completion of Baseline Survey on Financial Literacy
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04 November 2016



Consolidated Average Rates of Authorized Dealers

(February 20, 2017)
Buying Selling Mid-Rate Daily Change
USD 13.4072 13.7573 13.5823 0.0445
EUR 14.3096 14.6704 14.4900 0.0091
GBP 16.5304 17.0892 16.8098 -0.2225

Interbank Lending Rate for Week Ending 17-Feb-2017  Rate is  3.10 %

Inflation Rate for January 2017

Year on Year

12 Month Average

Month on Month

-0.6 %

-1.1 %

-1.0 %

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Interest Rates on T-Bills as at 17 February, 2017

91-day

182-day

365-day

6.72 %

7.08 %

7.12 %

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Notice

  • 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
  • Full subscription of DBS Bonds

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  • Notice of Tender Award-ISMS


    Notice is hereby given that in March 2015, Pilgrims Security Ltd was awarded a contract to supply, install and commission an Integrated Security Management System at the Central Bank of Seychelles.

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