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Country Guide > Africa > Seychelles


Money

Currency
Seychelles Rupee (SRe: singular; SRs: plural) = 100 cents. Notes are in denominations of SRs100, 50, 25 and 10. Coins are in denominations of SRs5 and 1, and 25, 10 and 5 cents. A number of gold and silver coins are also minted (with face values as high as SRs1500), but these are not in general circulation.

Note
Tourists must pay hotel bills in foreign currency (in the form of cash, travellers cheques or credit or debit cards). Payment in local currency is only allowed if an exchange receipt can be shown as proof of the conversion from foreign currency into local currency. The duty-free shop at the airport only accepts credit cards or foreign cash.

Currency exchange
Exchange facilities are available at the airport banks, which are open for all flight departures and arrivals. The following banks have branches in the Seychelles and will exchange travellers cheques and foreign currency: Barclays Bank, Bank of Baroda, Banque Franaise Commerciale, Central Bank of Seychelles, Development Bank of Seychelles, Habib Bank Ltd, Nouvo Banq and Seychelles Savings Bank. Currency exchange receipts should be kept in order to facilitate re-exchange on departure.

Credit & debit cards
Access, American Express, MasterCard and Visa are widely accepted; Diners Club has more limited use. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Travellers cheques
Accepted in most hotels, guest houses, restaurants and shops. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.

Currency restrictions
The import and export of local and foreign currency is unlimited.

Exchange rate indicators
The following figures are included as a guide to the movements of the Seychelles Rupee against Sterling and the US Dollar:
DateMay '04Aug '04Nov '04Feb '05
1.00=9.8610.1710.4510.32
$1.00=5.525.525.525.46


Banking hours
Mon-Fri 0800-1400, Sat 0800-1100.
   
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