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The Central Bank of Seychelles (,
The offices of the bank are housed in the Central Bank Building on Independence Avenue in
SWFI profile
{{Seychelles topics Economy of Seychelles
Seychellois Creole
Seychellois Creole (), also known as Kreol, Seselwa Creole French, and Seselwa Creole is the French-based creole language spoken by the Seychellois Creole people, Seychelles Creole people of the Seychelles. It is one of the national language, na ...
: ''Labank santral Sesel''), is the central bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
of Seychelles
Seychelles (, ; ), officially the Republic of Seychelles (; Seychellois Creole: ), is an island country and archipelagic state consisting of 155 islands (as per the Constitution) in the Indian Ocean. Its capital and largest city, Victoria, ...
. It was officially established on 1 January 1983, with the dissolution of its precursor, the Seychelles Monetary Authority.
Location
The offices of the bank are housed in the Central Bank Building on Independence Avenue in Victoria
Victoria most commonly refers to:
* Queen Victoria (1819–1901), Queen of the United Kingdom and Empress of India
* Victoria (state), a state of Australia
* Victoria, British Columbia, Canada, a provincial capital
* Victoria, Seychelles, the capi ...
, the capital city of Seychelles. The three-storey building is fully air-conditioned and has of office and storage space.
History
In 1974, the Currency Commission of the Seychelles was formed. In 1978, the Seychelles Monetary Authority was established, which in 1983 was transformed into the Central Bank of Seychelles (CBS). Up until 1982, the accounts of the Government of Seychelles were managed by Barclays Bank International. On 29 December 1982 that responsibility was transferred to CBS by passing the "Central Bank of Seychelles Act 1982". An amended "Central Bank of Seychelles Act 2004" provided for the autonomy of the bank within the Seychellois government structure.Governance
The affairs of the bank are supervised by an eight-person board of directors, chaired by the bank governor. As of April 2020, the following eight individuals comprised the board. # Caroline Abel: Governor and Chairperson # Christopher Edmond: First Deputy Governor # Jenifer Sullivan: Second Deputy Governor # Errol Dias: Director # Bertrand Rassool: Director # William Otiende Ogara: Director # Frank Ally: Attorney General, Director # Sherley Marie: Director.Governors
The table below illustrates the names of the various Governors of the Central Bank of Seychelles, from its inception, on 1 January 1983.See also
* Economy of the Seychelles *List of banks in Seychelles
This is a list of commercial banks in Seychelles, as updated in late 2024 by the Central Bank of Seychelles.
List of commercial banks
* Absa Bank (Seychelles) Ltd, part of Absa Group
* Mauritius Commercial Bank (Seychelles) Ltd, part of MCB Grou ...
* List of central banks of Africa
There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both ...
* List of central banks
This is a list of central banks.
Central banks by alphabetical order
This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*).
Major central banks by currency allocation p ...
References
External links
*SWFI profile
{{Seychelles topics Economy of Seychelles
Seychelles
Seychelles (, ; ), officially the Republic of Seychelles (; Seychellois Creole: ), is an island country and archipelagic state consisting of 155 islands (as per the Constitution) in the Indian Ocean. Its capital and largest city, Victoria, ...
1983 establishments in Seychelles
Banks established in 1983
Banks of Seychelles