Seychelles Rupee as currency
Currency reserves for the Seychelles Rupee
According to the International Monetary Fund, the total broad money (M3) amounted to SCR 19.49 billion at the end of 2019. For currency hedging, reserves were held in a total amount of 8.71 billion Rupees. This corresponds to a ratio of 1:2.2. Or in other words: 1 of 2 Rupees is deposited with a countervalue, which is internationally already above average.
All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.
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