Time Period: 1914-

Currency: Seychellois Rupee


Timeline

  • 11.08.1914
  • Ordinance [Paper Currency] on the (temporary) establishment of a Currency Commission and the issuance of paper money of 10, 5 Rupees as a wartime measure; effective immediately
  • 18.11.1919
  • Ordinance [Paper Currency (Amendment), No. 13] on the extension of the paper money issuance (included notes of 1, ½ Rupee); effective immediately
    - Further amended by ordinance [Paper Currency (Amendment), No. ?] of 19.07.1924.
  • 05.11.1928
  • Ordinance [Paper Currency (Revised), No. 7] on the extension of the paper money issuance; effective 17.11.1928
    - Revising the original ordinance [Paper Currency, No. 3] of 30.05.1928; further amended by ordinance [Paper Currency (Amendment), No. 25] of 19.09.1934.
  • 30.01.1936
  • Ordinance [Currency Notes, No. 2] on the extension of the powers of the Currency Commission and on the repeg of the Rupee from the Indian to the British currency; effective immediately
  • 10.03.1939
  • Ordinance [Coinage, No. 3] on the issuance of subsidiary coins; effective immediately
  • 12.06.1974
  • Ordinance [Currency Ordinance, Nr. 12] on the consolidation of the currency legislation (in preparation for independence); effective immediately
  • 24.11.1978
  • Presidential decree [Monetary Authority Decree, No. 56] on the transformation of the (two-members) Currency Commission into the Monetary Authority; effective upon constitution of the authority on 01.12.1978
  • 29.12.1982
  • Law [Central Bank Act, No. 24] on the creation of the Central Bank replacing the Monetary Authority; effective upon constitution of the bank on 01.01.1983

Valuation Regimes

  • 1914-1936
  • Fixed rate against Indian Rupee
  • 1936-1979
  • Fixed rate against British Pound
  • 1979-1996
  • Fixed rate against IMF Special Drawing Rights (SDR) unit
  • 1996-
  • Variable rate

Rate Arrangements

  • 11.08.1914
  • Fixed
  • Indian Rupee at 1 : 1
  • -
  • 01.02.1936
  • Fixed
  • British Pound at 1 : 13⅓
  • ±0.0%
  • 05.11.1979
  • Fixed
  • SDR at 1 : 8.320
  • ±0.0%
  • 16.03.1981
  • Fixed
  • SDR at 1 : 7.235
  • +15.0%
  • 31.12.1990
  • Fixed
  • SDR at 1 : 7.225
  • +0.1%
  • 13.05.1996
  • Variable
  • initially: SDR at 1 : 7.225
  • ±0.0%


End-year Forex Rates (Units per US Dollar)