Central Bank of Seychelles

What Central Bank of Seychelles does

The Central Bank of Seychelles is the sovereign monetary authority of the Republic of Seychelles, headquartered in Victoria, Mahé, and established in 1983. Its mandate is to promote price stability and financial system stability, supporting inclusive economic growth and development. Core operational products include Monetary Policy Rate management (currently 1.75%), consolidated average exchange rate dissemination through the authorised dealers network, currency issuance and management (notes and coins), Treasury Bill rate reporting, monthly inflation monitoring, and aggregate liquidity condition tracking via Minimum Reserve Requirement maintenance and Standing Deposit/Credit Facilities.

The institution's technology and platform architecture centers on conventional central banking infrastructure augmented by a strategic digital payments integration. Through an agreement signed with India's National Payments Corporation of India (NPCI) on 2026-06-29, the bank is deploying the Unified Payments Interface (UPI) in Seychelles, enabling real-time interbank transfers and cross-border digital payment interoperability with India. A parallel arrangement with the Export-Import Bank of India channels an approximate USD 150 million Umbrella Line of Credit for defence, maritime security, infrastructure, and socio-economic development.

As a government state entity, the Central Bank of Seychelles does not operate a commercial revenue model. Funding is sovereign and pricing is not applicable to its mandate functions. Distribution is executed through the domestic authorised dealers network for exchange rate and currency services, with the new UPI digital payment infrastructure extending reach to SMB and consumer segments for retail and commercial transactions.

Name

Central Bank of Seychelles

Legal name

Central Bank of Seychelles

Website

https://cbs.sc

Company type

Private

Founded year

1983

Operating status

Operating

Short description

The Central Bank of Seychelles is the sovereign monetary authority of the Republic of Seychelles, established in 1983 and headquartered in Victoria, Mahé. It maintains price and financial system stability through monetary policy, currency issuance, exchange rate management, liquidity operations, and a new UPI digital payments partnership with India's NPCI.

Ownership category

akta.pro rank

Product category

Central Banking

NAICS

Monetary Authorities-Central Bank (52111), Public Finance Activities (921130)

SIC

Finance Services (6199)

akta.pro primary industry

Central Bank Reserve Management (FSAAAGAF)

akta.pro secondary industries

Treasury & Cash Management (BPAIAEAB), Public Debt Management (BPAIAEAC), International Monetary & Financial Stability Institutions (BPADACAE)

Keywords

• Central banking services
• Monetary policy implementation
• Currency issuance management
• Financial system stability
• Exchange rate services

Headquarters

HQ city

Mahé

HQ country

Seychelles

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Distribution channels2 records

Marketing channels2 records

Core offering

The Central Bank of Seychelles operates as the national monetary authority, performing core central banking functions including formulation and implementation of monetary policy (currently at a 1.75% Monetary Policy Rate), issuance and management of the national currency, foreign exchange rate administration through the Authorised Dealers network, treasury bill operations, inflation monitoring, and aggregate liquidity management (Minimum Reserve Requirement, Standing Deposit and Credit Facilities). It also enables digital payments via deployment of India's UPI system through a partnership with NPCI.

Product overview

Central Bank of Seychelles operates as a central monetary authority offering a unified platform of financial services centered on currency management, monetary policy implementation, and payment systems. The portfolio includes core offerings such as the UPI digital payment system (deployed via NPCI partnership), monetary policy rate management (currently at 1.75%), exchange rate services (authorised dealer average rates), treasury bill services, inflation monitoring, and aggregate liquidity condition management. The bank also provides currency management services including notes and coins circulation information. These services collectively support price and financial system stability for Seychelles.

Differentiator

Problem solved

Functional benefit

Products and services

• UPI Payment System
• Monetary Policy Rate Services
• Exchange Rate Services
• Currency Management Services
• T-Bill Services
• Inflation Rate Monitoring
• Aggregate Liquidity Condition Services

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

One partnership is on record.

• National Payments Corporation of India (NPCI)coreTechnology or Integration · 29 June 2026The NPCI and the Central Bank of Seychelles signed an agreement to deploy India's UPI (Unified Payments Interface) digital payment system in Seychelles. This partnership enables modern digital payment capabilities for the island nation, facilitating real-time interbank transfers and digital commerce transactions.

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Central Bank of Seychelles