Seychelles

A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter. Independence came in 1976. Socialist rule was brought to a close with a new constitution and free elections in 1993. President France-Albert RENE, who had served since 1977, was re-elected in 2001, but stepped down in 2004. Vice President James MICHEL took over the presidency and in July 2006 was elected to a new five-year term.

Economical characteristics

 * Currency: Seychellois rupee (ISO code: SCR)
 * Central bank discount rate: NA% (31 December 2009)
 * Commercial banks lending rate: 15.35% (31 December 2009 )
 * Stock of money (M1): $173.1 million (31 December 2008)
 * Quasi money (with M1 makes M2): $185.2 million (31 December 2008)

Links

 * Seychelles on Wikipedia
 * Central bank of Seychelles
 * Studies from the Library of Congress (1986-1998)
 * BBC country profile