Seychellois rupee

Last updated
Seychellois rupee
roupie seychelloise (French)
Seychelles 25 cents.JPG
25 cents
ISO 4217
CodeSCR (numeric:690)
Subunit 0.01
Unit
Symbol Re/Rs
Denominations
Subunit
1100 cent (c)
BanknotesRs. 10/-, [lower-alpha 1] Rs. 25/-, Rs. 50/-, Rs. 100/-, Rs. 500/- [1]
Coins1c, 5c, 10c, 25c;
Re. 1/-, Rs. 5/-, Rs. 10/- [1]
Demographics
User(s)Flag of Seychelles.svg  Seychelles
Issuance
Central bank Central Bank of Seychelles
Website cbs.sc
Valuation
Inflation 2.3%
Source http://www.cbs.sc/Downloads/StaExcel/Prices%20Statistics.xlsx , September 2019

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 ISO code is SCR. [2] The abbreviation SR is sometimes used for distinction. [3] [4] By population, Seychelles is the smallest country to have an independent monetary policy. [5] Several other currencies are also called rupee.

Contents

Banknotes

Re. 1/- banknote of 1943. RupiaSeszelska1943.jpg
Re. 1/- banknote of 1943.

British colony

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 50c, Re. 1/-, Rs. 5/- and Rs. 10/-.

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

1968–1975 "Elizabeth II" Issue
ImageDenominationObverseReverse
Rs. 5/- Seychelles black parrot, Queen Elizabeth II
Rs. 10/-Tortoise, Queen Elizabeth II
Rs. 20/- Bridled tern, Queen Elizabeth II
Rs. 50/-Schoner, Queen Elizabeth II
Rs. 100/-Turtles, Queen Elizabeth II

Independent republic

In 1976, the Seychelles Monetary Authority took over the issuance of paper money, issuing notes for Rs. 10/-, Rs. 25/-, Rs. 50/- and Rs. 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 update

On June 7, 2011, the Central Bank of Seychelles issued updated Rs. 50/-, Rs. 100/- and Rs. 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 Rs. 50/- note, the silver holographic sailfish alternates between the number 50 and an image of the Aldabra rail, a flightless bird.
  • On the Rs. 100/- note, the gold holographic sailfish alternates between the number 100 and an image of the Seychelles giant tortoise.
  • On the Rs. 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 Rs. 50/- note, a 2.5-mm wide colour-shifting security thread on the Rs. 100/- note, and a 3-mm wide colour-shifting security thread on the Rs. 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 Frank Laporte, the bank's governor. Existing notes remain legal tender and will be removed from circulation as they wear out. [9]

2016 changes

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 CNY EUR GBP HKD JPY USD EUR JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD

See also

Notes

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

Related Research Articles

<span class="mw-page-title-main">Saudi riyal</span> Currency of Saudi Arabia

The Saudi riyal is the currency of Saudi Arabia. It is abbreviated as ر.سSAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It is subdivided into 100 halalas. The currency is pegged to the US dollar at a constant rate of exchange.

<span class="mw-page-title-main">Nicaraguan córdoba</span> Currency of Nicaragua

The córdoba is the currency of Nicaragua. It is divided into 100 centavos.

<span class="mw-page-title-main">Bangladeshi taka</span> Currency of Bangladesh

The Bangladeshi taka is the currency of the People's Republic of Bangladesh. In Unicode, it is encoded at U+09F3.

<span class="mw-page-title-main">Indian rupee</span> Official currency of India

The Indian rupee is the official currency in India. The rupee is subdivided into 100 paise. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.

<span class="mw-page-title-main">Sri Lankan rupee</span> Currency of Sri Lanka

The Sri Lankan Rupee is the currency of Sri Lanka. It is subdivided into 100 cents (සත), but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation Re (singular) and Rs (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee".

<span class="mw-page-title-main">Swazi lilangeni</span> Currency of Eswatini

The lilangeni is the currency of Eswatini and is subdivided into 100 cents. It is issued by the Central Bank of Eswatini and is authorised by the king and his family. The South African rand is also accepted in Eswatini. Similar to the Lesotho loti, there are singular and plural abbreviations, namely L and E, so where one might have an amount L1, it would be E2, E3, or E4.

<span class="mw-page-title-main">Mauritian rupee</span> Currency of Mauritius

The Mauritian rupee is the currency of Mauritius. One rupee is subdivided into 100 cents. Several other currencies are also called rupee.

<span class="mw-page-title-main">Pakistani rupee</span> Currency of the Islamic Republic of Pakistan

The Pakistani rupee is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949. Earlier the coins and notes were issued and controlled by the Reserve Bank of India until 1949, when it was handed over to the Government and State Bank of Pakistan, by the Government and Reserve Bank of India.

<span class="mw-page-title-main">United Arab Emirates dirham</span> Currency of the United Arab Emirates

The Arab Emirates Dirham (; Arabic: درهم إماراتي, abbreviation: د.إ in Arabic, Dh and Dhs or DH in Latin; ISO code: AED is the official currency of the United Arab Emirates. The dirham is subdivided into 100 fils . It is pegged to the United States Dollar at a constant exchange rate of approximately 3.67 AED to 1 USD.

<span class="mw-page-title-main">Myanmar kyat</span> Currency of Myanmar

The kyat is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by "/-". Amounts less than K. 1/- are typically denoted with the number of pyas following "-/".

<span class="mw-page-title-main">Bahraini dinar</span> Currency of Bahrain

The dinar is the currency of Bahrain. It is divided into 1000 fils (فلس). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.

<span class="mw-page-title-main">Faroese króna</span> Currency of the Faroe Islands

The króna is the currency of the Faroe Islands. It is issued by Danmarks Nationalbank, the central bank of Denmark. It is not a separate currency, but is rather a local issue of banknotes denominated in the Danish krone, although Danish-issued coins are still used. Consequently, it does not have an ISO 4217 currency code and instead shares that of the Danish krone, DKK. This means that in the Faroe Islands, credit cards are charged in Danish kroner. The króna is subdivided into 100 oyru(r).

<span class="mw-page-title-main">Fijian dollar</span> Currency of Fiji

The Fijian dollar has been the currency of Fiji since 1969 and was also the currency between 1867 and 1873. It is normally abbreviated with the dollar sign $, or alternatively FJ$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

<span class="mw-page-title-main">Liberian dollar</span> Currency of Liberia

The dollar has been the currency of Liberia since 1943. It was also the country's currency between 1847 and 1907. It is normally abbreviated with the sign $, or alternatively L$ or LD$ to distinguish it from other dollar-named currencies. It is divided into 100 cents.

<span class="mw-page-title-main">Indian 500-rupee note</span> Highest value banknote of the Indian rupee

The Indian 500-rupee banknote is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in the year. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016.

<span class="mw-page-title-main">Indian 50-rupee note</span> Indian ₹50 Currency

The is a denomination of the Indian rupee. The present 50 banknote in circulation is a part of the Mahatma Gandhi New Series of banknotes. However, 50 banknotes of the previous series will continue to be legal tender.

<span class="mw-page-title-main">Indian 10-rupee note</span> Indian ₹10 Currency

The Indian 10-rupee banknote is a common denomination of the Indian rupee. The 10 note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996. These notes are presently in circulation along with the Mahatma Gandhi New Series which were introduced in January 2018, this is used alongside the 10 rupee coin.

The banknotes of the Sri Lanka rupee are part of the physical form of Sri Lanka's currency. The issuance of the rupee banknotes began in 1895.

<span class="mw-page-title-main">Mahatma Gandhi New Series</span> Indian banknote series

The Mahatma Gandhi New Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of the Indian rupee, intended to replace the Mahatma Gandhi Series of banknotes. Announced on 8 November 2016, it followed the demonetisation of 500 and 1000 banknotes of the original Mahatma Gandhi Series. Similar to the preceding series of banknotes, the obverse of the Mahatma Gandhi New Series banknotes also prominently displays the portrait of Mahatma Gandhi. The logo of Swachh Bharat Abhiyan is also printed on the back of the banknotes of this series.

<span class="mw-page-title-main">Indian 200-rupee note</span> Indian ₹200 Currency

The Indian 200-rupee note (₹200) is a denomination of the Indian rupee. After the 2016 Indian banknote demonetisation, the new currency notes were announced by the Reserve Bank of India: ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10.

References

  1. 1 2 3 4 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. 1 2 3 4 5 "Seychelles Rs. 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 Rs. 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.
Preceded by:
Mauritian rupee
Reason: became a separate crown colony in 1903
Ratio: at par
Currency of Seychelles
1914
Succeeded by:
Current