Countries that use the Seychelles Rupee
The Seychelles Rupee is an official national currency and used only on the Seychelles. 1 Rupie is devided into 100 Cents.
1.00 Seychelles Rupee = 0.073 US Dollar
Exchange rate history 1000 SCR in USD
Seychelles Rupee as currency
Currency reserves for the Seychelles Rupee
According to the International Monetary Fund, the total broad money (M3) amounted to SCR 17.11 billion at the end of 2018. For currency hedging, reserves were held in a total amount of 7.64 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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