Seychellois Rupee
Roupie seychelloise
Currency Code
SCR
ISO 690
Symbol
SCR
Native: ₨
Decimal Digits
2
Rounding: 0
Countries
SC
Using this currency
Currency Units
Major Unit
Name: rupee
Symbol: ₨
Minor Unit
Name: cent
Symbol:
Value: 0.01
Banknotes
Frequently Used
₨25₨50₨100₨500
Coins
Frequently Used
1 cent5 cents10 cents25 cents₨1₨5₨10
Plural Forms
English Plural
Seychellois rupees
Native Plural
Roupies seychelloises
Overview
The Seychellois Rupee is the currency of Seychelles, managed by the Central Bank of Seychelles. It serves a small island economy based primarily on tourism, fishing, and offshore financial services.
Economy
- Seychelles is a member of AU, COMESA, SADC, Commonwealth, IOC.
- Main industries include: Fishing, Tourism, Processing of coconuts and vanilla, Coir rope factory, Boat building, Printing, Furniture, Beverages.
- Seychelles is part of the World Trade Organization.
- Imports are machinery, equipment, foodstuffs, petroleum products, chemicals, other manufactured goods.
- Major exports include canned tuna, frozen fish, petroleum products, cinnamon bark.
- GDP: $1.8 billion (2023 est.).
- GDP per capita: $17,952 (2023 est.).
- Unemployment rate: 3% (2017 est.).
- Inflation rate: 0.6% (2023 est.).
- Main trading partners: United Arab Emirates, France, United Kingdom, Italy, Germany, Spain.
- Trade agreements: COMESA FTA, SADC Trade Protocol, EPA with EU.
History
- Previous currencies used: Indian rupee, Mauritian rupee.
- The Seychellois rupee was introduced in 1914, initially tied to the Indian rupee. It has been the country's currency through British colonial rule and independence.
- 1914: Seychellois rupee introduced
- 1976: Independence from Britain
- 1982: Central Bank of Seychelles established
- 2008: Floating exchange rate adopted
- 2008-2009: IMF program and economic reforms
- 2018: Debt restructuring completed
- Exchange rate peg: Free floating (since 2008).
General Information
- ISO 4217 Code: SCR
- Symbols: SCR/₨
- Currency Subunits: 100 cents
- Central Bank: Central Bank of Seychelles
- Monetary Policy: Inflation targeting with free-floating exchange rate. Focus on price stability and supporting tourism-dependent economy.
- Bills: 25 SCR, 50 SCR, 100 SCR, 500 SCR
- Coins: 1 cent, 5 cents, 10 cents, 25 cents, 1 rupee, 5 rupees, 10 rupees
- USD Exchange Rate: Variable (approximately 13.5 SCR per USD)
- Pegged To: None (Floating)
- Capital: Victoria
- Population: 99,426 (2023 est.)
- Area: 455 km²
- Languages: Seychellois Creole (official), English (official), French (official)
- Time Zones: UTC+4 (Seychelles Time)
- Government Type: Presidential republic
- Head of Government: President (head of state and government)
- Independence: June 29, 1976 (from United Kingdom)
- Ethnic Groups: Mixed French, African, Indian, Chinese, and Arab
- Religions: Roman Catholic 76.2%, Protestant 10.5%, Other Christian 2.4%, Hindu 2.4%, Muslim 1.6%, Other 1.1%, Unspecified 4.8%, None 0.9%
- Literacy Rate: 95.9% (2018 est.)
- Transport: Seychelles International Airport, inter-island flights, ferry services, limited road network
- Communications: Good telecommunications, 79% internet penetration, comprehensive mobile coverage
- Energy: Fossil fuels 95%, Renewable energy 5% (increasing solar and wind projects)
- Countries Using This Currency: Seychelles
- Data Sources: Central Bank: Central Bank of Seychelles (cbs.sc), Economic Data: National Bureau of Statistics Seychelles, World Bank, IMF, Trade Data: Seychelles Revenue Commission, Demographic Data: National Bureau of Statistics Seychelles, Geographic Data: Seychelles Meteorological Authority, Historical Data: Central Bank of Seychelles archives
- Last Updated: 2025