MONEY & BANKING
Seychelles currency is referred to as Rupee (Scr) and is divided into 100 cents.
Notes come in Scr10, Scr25, Scr50, Scr100 and SCR500, where as coins come in Scr1, Scr5, Scr0.25cents, Scr0.10 cents and Scr0.05cents.
Buying rates as of October 2011 are as follows: (rates vary monthly)
1U$ = Scr12.42
1€uro = Scr17.28
1£GBP = Scr19.25
Exchange rates are featured on the Central Bank of Seychelles website (www.cbs.sc), in the Nation newspaper and are also available at all banks.
Credit cards are widely accepted throughout Seychelles, ATM facilities are found at major banks on Mahe, Praslin and La Digue, these machines provide cash in local currency.
Banking hours are generally Monday-Friday 0800hrs-1400hrs, and Saturday 0800hrs-1100hrs. All banks process traveller‘s cheques and foreign exchange transactions. Passports are required for visitors‘ transactions and nominal commissions may be charged. ATM facilities exist at major banks on Mahe, Praslin and La Digue and at the airport on Mahe and Praslin. Please note that these provide cash in local currency.
Visitors to the islands can make payments for services/products in Seychelles rupees. The discretion to pay in another currency other than the Seychelles rupee shall lay solely with the visitor. Exchange rates will be determined by the market and may differ from bank to bank or at various bureaux de change.
Exchanging foreign currency into Seychelles Rupees must only be done at banks, with authorised money dealers such as a bureau de change, or with other licenced operators.
Visitors should refrain from exchanging money with any individuals who approach them in a public place as there is a very high possibility that those persons are engaging in unauthorized dealing, possibly with counterfeit currency.
BE WARNED! It is a criminal offence to change money with any person or business other than those authorised to do so and who are mentioned above.
When acquiring rupees by credit card, it is advisable to exchange only what is needed on a daily basis.
Subject to availability at the different banks, visitors wishing to exchange Seychelles Rupees for foreign currency may shop around at banks and bureaux de change in order to gain the best rate.
Barclays Bank Victoria, Mahe Tel : +248 4 383 838
Nouvobanq Victoria, Mahe Tel : +248 4 293 000
Seychelles Savings Bank Victoria, Mahe Tel : +248 4 294 000
Mauritius Commercial Bank Victoria, Mahe Tel : +248 4 284 555
Cash Plus Victoria, Mahe Tel : +248 2 783 660
Masons Xchange Revolution Avenue, Victoria Tel : +248 4 288 801
Sylvies Exchange Beauvallon Tel : +248 4 248 125