Regulatory Alerts2021-04-12
Central Bank of Seychelles FX Market Adjustment Directive
The Central Bank of Seychelles has directed all Bureaux de Change to adjust their foreign exchange prices to align with current market conditions. This directive addresses a recent domestic market failure characterized by an oversupply of foreign currency and stagnant exchange rates, which has prevented customers from converting foreign currencies into Seychelles Rupees. The central bank will continuously monitor pricing adjustments and issue further guidance as necessary to maintain orderly market functioning.
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