BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Seychelles Central Bank of Seychelles Since its creation in 1978, the Seychelles Monetary Authority and, as of 1983 its successor the Central Bank of Seychelles (CBS), have undergone various stages of adaptation with the aim of turning it into a modern and efficient institution, equipped to discharge its responsibilities with professionalism and efficiency. The CBS also advises the Government on banking, monetary and financial matters and in particular on the monetary implications.   The Central Bank of Seychelles Act, 2004 provides for the Bank to operate as an autonomous institution, reinforcing its status as the authority responsible for all monetary issues in the country and caters for the further development of the financial sector within the new economic environment. The main objectives of the Central Bank are:   •  to promote price stability; and   •  to maintain a sound financial system. At Central Bank of Seychelles, monetary management is based on a monetary targeting framework with reserve money as the operating target of monetary policy. Reserve money consists of currency in circulation and commercial bank's deposits held at the Central Bank. Central Bank of Seychelles HQ Address: Independence Avenue Victoria, Mahé Seychelles Tel: +248 428 2000 Fax: +248 422 6104 Website: www.cbs.sc Swift Code: SSCBSCSC Currency: Seychelles Rupee Banking Hours: Monday - Friday : 8.00am - 2.00pm   The Central Bank of Seychelles has to ensures, through the application of modern management practices and technology, that all its activities are conducted effectively and efficiently. List of banks governed by the Central Bank of Seychelles » Barclays Bank (Seychelles) Ltd » Bank of Baroda » Seychelles International Mercantile Banking Corporation » Mauritius Commercial Bank (Seychelles) Ltd » Habib Bank Limited » BMI Offshore Bank Ltd DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved