The Seychelles rupee has been remarkably stable since 1979, when it was linked to the IMF's special drawing rights (SDR). This fixed link was abandoned only in 1997 in favor of a free exchange rate . The exchange rate for the Seychelles rupee rose slowly from 4.762 per U.S. dollar in 1995 to Sre5.306 in 1999. The average rate of consumer inflation was around 6.5 percent in 1999, compared to 2.6 percent in 1998.
Exchange rates: Seychelles | |
Seychelles rupees (SRe) per US$1 | |
Nov 2000 | 6.0397 |
2000 | 5.6009 |
1999 | 5.3426 |
1998 | 5.2622 |
1997 | 5.0263 |
1996 | 4.9700 |
SOURCE: CIA World Factbook 2001 [ONLINE]. |
GDP per Capita (US$) | |||||
Country | 1975 | 1980 | 1985 | 1990 | 1998 |
Seychelles | 3,600 | 4,882 | 4,957 | 6,297 | 7,192 |
United States | 19,364 | 21,529 | 23,200 | 25,363 | 29,683 |
South Africa | 4,574 | 4,620 | 4,229 | 4,113 | 3,918 |
Mauritius | 1,531 | 1,802 | 2,151 | 2,955 | 4,034 |
SOURCE: United Nations. Human Development Report 2000; Trends in human development and per capita income. |
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