The currency of the Seychelles Islands is the Seychelles rupee, abbreviated as SCR, SR or SRE, the first being the international currency code and therefore the most widely used. 100 cents equals 1 SCR.
The Central Bank of Seychelles issues banknotes to the value of 25, 50, 100 and 500 SCR and coins of 1, 5, 10 and 25 cents and 1, 5 and 10 SCR.
Exchange rate in the Seychelles
The prevailing exchange rate system in the Seychelles is that of a freely fluctuating exchange rate. This means that the exchange rate fluctuates with fluctuations in market forces such as domestic currency supply and demand, foreign currency supply and demand, home country interest rates and inflation, the country’s external balance, etc. Therefore, the exchange rates vary from day to day
Exchange into local currency
Places for exchanging foreign currencies
In the Seychelles, money can be exchanged in any of the branches of the country’s nine banks, at the authorized foreign exchange dealers of the “Bureau de Change” and in the hotels in which you are staying. Victoria on Mahe Island is the capital, most of these money exchange centers and banks are located here. Banks usually do not charge any currency exchange fees and they are open on weekdays from 8:30 a.m. to 2:30 p.m., on Saturdays only in the morning until 11:00 a.m. and on Sundays the banks are completely closed.
Currency that can be brought to the Seychelles
USD, Euro and GBP are all accepted in Seychelles, but the most popular one is the Euro.
In fact, some places like hotels, national parks, boat operators etc. only accept payments from foreigners in EURO or USD. However, transactions in euros could be more expensive so using SCR would be better if possible. Small restaurants and street stalls selling groceries, fish, etc. only accept SCR.
All major hotels, restaurants, supermarkets and car rental companies in the Seychelles accept credit cards such as Visa, MasterCard or American Express, debit cards and also travelers checks.
Amount of money required
The amount of money you will need will certainly depend on a few factors, such as the length of your trip, preferred mode of transport, choice of accommodation, shopping area and meals.
In general, it is cheapest to use public transport like buses, then rental cars and last minute taxis. Like everywhere else, shopping at street vendors is cheaper than shopping in malls or supermarkets, where you can find most of the goods to be imported.