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Seychellois rupee
From Wikipedia, the free encyclopedia
| Seychellois rupee roupie seychelloise (French) |
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| ISO 4217 Code | SCR | ||
|---|---|---|---|
| User(s) | Seychelles | ||
| Inflation | 0.7% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | cent | ||
| Symbol | SR or SRe | ||
| Coins | 1, 5, 10, 25 cents, 1, 5 rupees | ||
| Banknotes | 10, 25, 50, 100, 500 rupees | ||
| Central bank | Central Bank of Seychelles | ||
| Website | www.cbs.sc | ||
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. The international currency code is SCR. The abbreviations SR and SRe are sometimes used.[1][2]
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The Seychelles rupee was introduced in 1914. Initially in banknote form only, the Seychellois rupee circulated alongside and was equal to the Mauritian rupee, which had circulated in the Seychelles since 1877. The Mauritian rupee had replaced sterling, which had circulated since 1810. Only in 1939 where coins introduced specifically for use in the Seychelles.
In 1939, coins in denominations of 10 and 25 cents, ½ and 1 rupee were introduced. The 10 cents was a new denomination minted in cupro-nickel, whilst the other three denominations were the same sizes as the Mauritian coins but were minted in a lower fineness of silver (.500). In 1948, bronze 1, 2 and 5 cents coins were introduced. The coins were the same size as the Mauritian coins ad very similar in design.
In 1951, cupro-nickel replaced silver in the 25 cents. Further changes were made in 1953 and 1954, when a twelve-sided, nickel-brass 10 cents was introduced, followed by cupro-nickel ½ and 1 rupee. In 1972, aluminium 1 and 5 cents were introduced (following the last issue of 2 cents in 1968) along with cupro-nickel 5 rupees.
In 1982, a new coinage was introduced, consisting of brass 1, 5 and 10 cents and cupro-nickel 25 cents, 1 and 5 rupees. The 1 cent coin was last minted in 1992.
In 1914, the government produced emergency issues of notes for 50 cents, 1, 5 and 10 rupees. Regular type notes began to be issued in 1918, with notes for 50 cents and 1 rupee, followed by 5, 10 and 50 rupees in 1928. The 50 cents and 1 rupee notes were issued until 1951. 20 and 100 rupees notes were introduced in 1968, whilst the 5 rupee notes were replaced by coins in 1972.
In 1979, the Seychelles Monetary Authority took over the issuance of paper money, issuing notes for 10, 25, 50 and 100 rupees. These denominations were also issued by the Central Bank of Seychelles when it took over responsibility in 1983. In 2005, 500 rupees notes were introduced.
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It should be noted that the currency regulations in Seychelles lead to existence of the black market. The "unofficial" rates are different from the official ones by a factor of 2 to 2.5. As of April 2007, the official SCR/USD is ~ 6.1 rupees per US dollar, as opposed to the "black market" rate of 13 rupees per US dollar.[citation needed]
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
- Don's World Coin Gallery - Seychelles
- Ron Wise's World Paper Money - Seychelles Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Seychelles Mirror site
- The Global History of Currencies - Seychelles
- Global Financial Data currency histories table (
Microsoft Excel format)
| Preceded by: Mauritian rupee Reason: became a separate crown colony in 1903 Ratio: at par |
Currency of Seychelles 1914 – |
Succeeded by: Current |
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| Circulating | Indian rupee (रुपया) · Indonesian rupiah · Maldivian rufiyaa (ދިވެހި ރުފިޔ) · Mauritian rupee (roupie) · Nepalese rupee (रूपैयाँ) · Pakistani rupee (روپي) · Seychellois rupee (roupi, roupie) · Sri Lankan rupee (ரூபாய்) |
| Obsolete | Afghan rupee · Bhutanese rupee · Burmese rupee · Danish Indian rupee · (British) East African rupee · French Indian rupee (roupie) · German East African rupie · Gulf rupee · Hyderabad rupee · Italian Somaliland rupia · Javan rupee · Netherlands Indian roepiah · Portuguese Indian rúpia · Riau rupiah · Travancore rupee · West New Guinean rupiah · Zanzibari rupee |
| Fictional | Hylian rupee |
| See also | History of the rupee |