Seychelles - Money



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.
Also read article about Seychelles from Wikipedia

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