If you’re curious about the currency of Seychelles, you’ve come to the right place. In this article, we’ll give you a rundown of everything you need to know about the Seychelles currency, whether you’re planning a trip to the country or simply interested in global economics.
Overview of the Seychelles Money
The currency of Seychelles is called the Seychelles Rupee (SCR), and it’s issued and regulated by the Central Bank of Seychelles. One Seychelles Rupee is equal to 100 cents, and it’s used for all transactions within the country. However, it’s not widely accepted outside of Seychelles.
The Seychelles Rupee is used for all transactions within Seychelles, including purchases, rent, and salaries.
Credit and debit cards are widely accepted in larger establishments, but it’s always a good idea to carry cash when traveling to more remote areas. ATMs are available in major towns and cities, but it’s advisable to inform your bank of your travel plans beforehand to avoid any issues with accessing funds.
Value of the Seychelles Rupee
The exchange rate for the Seychelles Rupee is approximately 14.56 SCR to 1 USD. While the value of the currency has remained relatively stable in recent years, there have been fluctuations due to external factors like changes in global oil prices and tourism.
Coins and notes
Discover all the coins and banknotes of the country:
Discover its history
The Seychelles Rupee has undergone several changes throughout its history:
- It was first introduced in 1914 as the Seychelles and Dependencies Rupee, replacing the Mauritian Rupee.
- In 1939, the name was changed to the Seychelles Rupee.
- In 1976, the country gained independence, and the currency was pegged to the International Monetary Fund’s Special Drawing Rights.
- In 2008, the peg was abandoned, and the currency was allowed to float freely.
Exchanging in Seychelles
Foreign currencies can be exchanged for Seychelles Rupees at banks and exchange bureaus in Seychelles. To get the best value for your money, it’s a good idea to compare exchange rates before exchanging currency. Some hotels may also offer currency exchange services, but these are generally more expensive than other options.