Seychellois rupee

The rupee is the currency of the Seychelles. It is subdivided into 100 cents. In the local Seychellois Creole (Seselwa) language, it is called the roupi and roupie in French. The international currency code is SCR.[2] The abbreviation SR is sometimes used.[3][4] By population, Seychelles is the smallest country to have an independent monetary policy.[5] Several other currencies are also called rupee.

Seychellois rupee
roupie seychelloise (in French)
Seychelles 25 cents.JPG
25 cents
ISO 4217
CodeSCR
Denominations
Subunit
 1/100cent (¢)
Symbol₨ /-
Banknotes₨.10/-,[a] ₨.25/-, ₨.50/-, ₨.100/-, ₨.500/-[1]
Coins1¢, 5¢, 10¢, 25¢
₨.1/-, ₨.5/-, ₨.10/-[1]
Demographics
User(s) Seychelles
Issuance
Central bankCentral Bank of Seychelles
 Websitewww.cbs.sc
Valuation
Inflation2.3%
 Sourcehttp://www.cbs.sc/Downloads/StaExcel/Prices%20Statistics.xlsx, September 2019

BanknotesEdit

 
₨.1/- banknote of 1943.

British colonyEdit

The British Legislative Council authorized the establishment of a Board of Commissioners of Currency through the Paper Currency Ordinance of 1914, which was enacted by C. R. M. O’Brien, the Governor of the Colony of the Seychelles on 10 August 1914.[6][2] In 1914, the government produced emergency issues of notes for 50¢, ₨.1/-, ₨.5/- and ₨.10/-.

Standard issue notes began to be issued in 1918, with notes for 50¢ and ₨.1/-, followed by ₨.5/-, ₨.10/- and ₨.50/- in 1928. The 50 cent and ₨ 1 notes were issued until 1951 and phased out in favor of the coins. ₨.20/- and ₨.100/- notes were first introduced in 1968, whilst the ₨.5/- note was replaced by a coin in 1972.[2]

1968–1975 "Elizabeth II" Issue
Image Denomination Obverse Reverse
[1] ₨.5/- Seychelles black parrot, Queen Elizabeth II
[2] ₨.10/- Tortoise, Queen Elizabeth II
[3] ₨.20/- Bridled tern, Queen Elizabeth II
[4] ₨.50/- Schoner, Queen Elizabeth II
₨.100/- Turtles, Queen Elizabeth II

Independent republicEdit

In 1976, the Seychelles Monetary Authority took over the issuance of paper money, issuing notes for ₨.10/-, ₨.25/-, ₨.50/- and ₨.100/-. This series featured the first President of the Seychelles, Sir James Mancham and replaced all colonial notes issued prior to independence.

In 1979, there was a redesign, featuring a more socialist and modernized theme reminiscent of the René regime. This series was also issued by the Central Bank of Seychelles when it took over full responsibility in the same year.[7]

In 1989, a new series was introduced with better security features and colours.[2]

In 1998, another more high-tech series was introduced with a more practical, ergonomic design. This series later saw an additional ₨.500/- note first introduced in 2005.[2]

2011 updateEdit

On June 7, 2011, the Central Bank of Seychelles issued updated ₨.50/-, ₨.100/- and ₨.500/- notes with improved security features. Each of the three banknotes has a holographic patch instead of a foil sailfish which currently appears on the notes.

  • On the ₨.50/- note, the silver holographic sailfish alternates between the number 50 and an image of the Aldabra rail, a flightless bird.
  • On the ₨.100/- note, the gold holographic sailfish alternates between the number 100 and an image of the Seychelles giant tortoise.
  • On the ₨.500/- note, the gold holographic sailfish alternates between the number 500 and an image of the Seychelles scops owl.

Additional security upgrades include a 2.5-mm wide fluorescent security thread on the ₨.50/- note, a 2.5-mm wide colour-shifting security thread on the ₨.100/- note, and a 3-mm wide colour-shifting security thread on the ₨.500/- note. The notes are also protected by De La Rue’s unique Gemini technology that fluoresces under ultraviolet light but appears normal in daylight.[8]

The colour schemes of the notes have been revised, with the notes being more green, red, and orange, respectively, than the notes currently in circulation. The new notes also carry the year of printing, as well as the signature of Pierre Laporte, the bank’s current governor. Existing notes remain legal tender and will be removed from circulation as they wear out.[9]

2016 changesEdit

In December 2016, the Central Bank of Seychelles issued a new series of banknotes to commemorate 40 years of Seychelles' independence. The theme of this series is "Seychelles' Unique Biodiversity - the backbone of the economy".[10][1]

Current SCR exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See alsoEdit

NotesEdit

  1. ^ As of 2016, the ₨.10/- note was no longer issued, but still legal tender.[1]

ReferencesEdit

  1. ^ a b c d The Central Bank of Seychelles will soon release a new family of banknotes and coins Central Bank of Seychelles (www.cbs.sc). Retrieved on 2016-11-06.
  2. ^ a b c d e "Seychelles ₨ 100 banknote 1975 Queen Elizabeth II". Retrieved 2020-05-29.
  3. ^ Ministry Of Foreign Affairs - The Republic of Seychelles
  4. ^ Currencies of the World
  5. ^ Magnús Halldórsson (23 January 2018). "Krónuáhættan hefur magnast upp". Kjarninn (in Icelandic). Retrieved 22 February 2019.
  6. ^ Linzmayer, Owen (2012). "Seychelles". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  7. ^ "Seychelles ₨ 100 banknote 1975 Queen Elizabeth II". Retrieved 2020-05-29.
  8. ^ "Seychelles new 50-, 100-, and 500-rupee notes confirmed – BanknoteNews". Retrieved 2020-05-29.
  9. ^ Seychelles new 50-, 100-, and 500-rupee notes confirmed BanknoteNews.com. September 6, 2011. Retrieved on 2013-02-02.
  10. ^ Seychelles new banknote family (B419-B422) reported for Dec. 2016 introduction Banknote News (banknotenews.com). November 3, 2016. Retrieved on 2016-11-05.

External linksEdit


Preceded by:
Mauritian rupee
Reason: became a separate crown colony in 1903
Ratio: at par
Currency of Seychelles
1914 –
Succeeded by:
Current