(Seychelles News Agency) - The Seychelles rupee continues to depreciate against foreign currencies, recalling the last major dive that the governor of the Central Bank said happened in 2008, when the island nation embarked on an economic reform programme with the International Monetary Fund (IMF).
Caroline Abel told a press conference Friday that the cost of a dollar is on average 21.44 Seychelles rupees while euros stood at SCR25.38. A year ago the cost of a dollar was about 13 rupees and the cost of a euro was about 15, representing about a 66 percent loss in value.
"Where it is now is the highest that it has ever reached in terms of dollars or euros. We entered into a flexible foreign exchange market when we started our economic reforms and when the market was liberalised the highest it reached was 18 rupees for a dollar," said Abel.
She said that the depreciation is a real concern as this will result in a continuous rise in the price of commodities and she is urging people to reduce expenses only for the necessities so as to help the economy of Seychelles, an archipelago in the western Indian Ocean.
"As we have demonstrated previously, commerce, transport and tourism are the sectors mostly applying for the credit line. This is mainly going toward small businesses. However, when we talk about transport, we are referring mainly to taxis and overhead costs related to the functioning of car hires," said Abel.
The governor said that the foreign exchange the country is earning with fisheries and the tourism sectors "is not enough for the amount of forex the country needs for it to function at the individual, business and governmental levels."
Consequently, officials will be meeting with the International Monetary Fund (IMF) next week to discuss the current economic situation of Seychelles and programme that Seychelles will embark on to redress the economy.
Met de opening van een vliegveld op de Seychellen werd het land een toeristische trekpleister. Al snel werd het de belangrijkste inkomstenbron voor het land. Eerst waren de plantenplantages dat. Zo werd er bijvoorbeeld veel kaneel verbouwd, maar dat bleek niet zo rendabel te zijn als het toerisme. De regering probeert actief buitenlandse bedrijven in de toeristenindustrie van de Seychellen te laten investeren.
Seychelse rupee euro omrekenen
Om te bepalen wat de waarde Seychelse rupee is een andere valuta, kun je gebruik maken van de wisselkoerscalculator. Vul het bedrag in dat je om wilt rekenen en wij bereken voor jou de actuele wisselkoers. Zo weet je snel de waarde van de Seychelse rupee in de valuta van je keuze. Er wordt altijd gebruikt van de meest recente koers. Dus bij het omrekenen van Seychelse rupee naar euro wordt de laatste koers Seychelse rupee euro gebruikt die beschikbaar is.
The Seychelles has its own currency - the Seychellois rupee, which is commonly referred to as SCR. 15 rupees is equivalent to approximately 1 euro or 1 dollar, so 1 rupee is approximately 6 cents. Up-to-date conversion rates can be found on the website of the Central Bank of Seychelles.
Take to the Seychelles euros or dollars. Euros are in high demand. Upon arrival, they can be exchanged for local rupees. There are Saymore currency exchange offices at Seychelles International Airport Ltd, as well as branches of Barclays and Nouvobanq. In addition to banks and exchange offices, you can use ATMs. They only issue Seychellois rupees. ATMs can be found at Victoria Airport, Baie Lazare, Anse Royale and Beau Vallon on Mahe, Praslin and La Digue.
All major cities and towns in the Seychelles have banks and currency exchange offices. Money can be exchanged at any of the branches of 9 banks in the country, at official forex dealers Bureau de Change and in the hotels where you stay.
Tip: don't forget to exchange any rupees you may have left before leaving the Seychelles. Upon arrival home, it will be almost nowhere to do it. Unless you want to bring local currency with you from the Seychelles as a souvenir.
Therefore, do not exchange or withdraw a lot at one time. In addition, only small amounts are exchanged for currency at the airport. Large amounts will have to be changed at the seller, after presenting the exchange check.
They have branches on Mahe, Praslin and La Digue. ATMs that accept major international cards are available at the airport and in all major banks in Victoria. On Mahe, Praslin and La Digue you will also find Beau ATMs Vallon and Anse.
Remember that when withdrawing money from the card, bank fees may be charged, sometimes quite significant. Therefore, minimize withdrawals on personal accounts. As in many remote corners of the planet, cash withdrawals from ATMs are subject to a high commission, in the amount of 100 SCR ($ 7) for withdrawing money. Withdrawal fees are set by the bank, so you should look for a better option. For example, Barclays charges withdrawal fees while MCB ATMs generally do not.
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