Best Bitcoin Exchange for Seychelles
The official currency of the Seychelles is the Seychelles rupee. In the national language of the country, it is more commonly referred to as roupi. A rupee consists of 100 subunits called cents. The currency is internationally assigned the code SCR. Other abbreviations used to denote the currency are SRe and SR. The institution responsible for issuing currencies in the nation is the Central Bank of Seychelles.
Foreign Exchange
The most popular exchange rate of the Seychelles rupee against the euro is the SCR rate. The institutions allowed to exchange money in the country are banks, official exchange offices and hotel cashiers. It is illegal to exchange money with other traders who are not legalised. Companies in the country also accept internationally recognised and accepted currencies, in particular the British pound, the euro and the US dollar.
Exchange rates change from day to day and the inflation rate of the currency is estimated at around 7.5%. Currently, the exchange rate of the rupee against the Euro is 1 SCR to 0.063 EUR or 100 SCR to 6.3 EUR. Exchange rate against the US dollar is 1 SR to 0.074 USD or 100 SR to 7.4 USD.
History of the currency
Colonial period
The use of the rupee in the Seychelles began during their colonial period. The Colombian governor of the country, Charles O’Brien, introduced a “Paper Currency Ordinance” in 1914, which wanted to introduce mechanisms for issuing foreign exchange in the country. Emergencies of 10, 5 and 1 rupee treasury bills and 50 cents were created this year by the government. In 1918, the government began to produce standard editions of banknotes. The first standard issue bills were in denominations of 1 rupee and 50 cents. In 1928, bills were issued with 50, 10 and 5 rupees. In 1951 coins with a value of 50 cents and 1 rupee replaced the same values and in 1968 saw the introduction of 100 and 20 rupees. 1n 1972, coins with a value of 5 rupees replaced bills of the same value.
After independence
The first banknote series of the independent Seychelles was issued by its monetary authority in 1976. The bills were produced in denominations of 100, 50, 25 and 10 rupees. They replaced banknotes issued by the previous colonial government and they showed James Mancham, the first president of the nation. The design of the series was changed in 1979 and in the same year the country’s central bank took over the issuance of the currency. Rupee notes were introduced in XYNUMX in the Seychelles. The latest banknote series, introduced in 2005, focuses on the theme of the nation’s diverse biodiversity.
Security features
Banknotes issued with 500, 100 and 50 rupees from 2011 onwards will have a holographic patch and not the foil sail fish that appeared on previously issued notes. The holographic sailfish is silver on 50 rupee notes and gold on 100 and 500 rupee banknotes. These banknotes have fluorescent security threads and are protected by De La Rue’s outstanding Gemini technology.
Tips, Visa and Entry
Not sure how much money to exchange for the local currency in Seychelles before your trip to Seychelles? Then make it easy for yourself: take your cash in euros with you on your trip or withdraw it at local ATMs after you arrive in Seychelles. Because the exchange of Euro for Seychelles Rupee is only worthwhile on the spot – in Germany you will probably pay higher fees and thus get the worse exchange rate.
About one euro to 15 rupees is the exchange rate at which holidaymakers usually exchange euros for the Seychelles rupee (SCR). If this is downsampled, it means that one rupee has an approximate value of 6 euro cents. The Seychelles Rupee is available in coins of five, ten and twenty-five cents and one and five rupees. There are also banknotes in the Seychelles currency – worth ten, twenty-five, fifty, one hundred and five hundred rupees.
As an alternative, many hotels also accept euros – or you can do without cash altogether and pay directly by credit card. It is best to check the exchange rate with the Central Bank of Seychelles beforehand.
As a holiday guest, it is usually customary to tip in restaurants, cafés or bars. However, this is not expected in the Seychelles, where the locals already charge a service fee of five to ten percent for most services. But if you’re satisfied with the service, don’t let the lump sum stop you from tipping – the extra reward will be gratefully received by everyone here.
Entering the Seychelles: Visitor pass instead of visa
To enter the Seychelles, German citizens need their passport, which should be valid at least until the end of the holiday and should have at least two blank pages – better still more. Children also need their own identity card, as an entry on their parents’ passport is no longer sufficient.
It is best to check the website of the Federal Foreign Office before you leave. Citizens of other countries should inform themselves before the journey at the appropriate embassy, possibly other regulations apply to the entry to the Seychelles.
Documents for Entering Seychelles
Instead of a visa, holidaymakers in the Seychelles receive a so-called visitor pass. In the simple version, it is valid for one month, but can be extended by three months up to a total of twelve months and is issued by the authorities upon entry into the Seychelles. To obtain a visitor’s pass, holidaymakers must present the following documents:
- a return ticket or, if applicable, a ticket for onward travel
- a passport which is valid at least until the end of the journey
- proof that accommodation has been booked for the first three nights after arrival
- sufficient funds
Take out a foreign health insurance policy before commencing your journey, including payment of any return transport costs. This way you will not be surprised by high costs in case of unforeseen illnesses!