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Central Bank of Seychelles (Demonetisation of Notes Order (Statutory Instrument 48 of 2000)

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This is the latest version of this legislation commenced on 31 Dec 2015.

Seychelles

Central Bank of Seychelles Act, 2004

Central Bank of Seychelles (Demonetisation of Notes Order

Statutory Instrument 48 of 2000

  • Commenced on 30 October 2000

  • [This is the version of this document at 31 December 2015.]


[S.I. 48 of 2000]


1. Citation

This Order may be cited as the Central Bank of Seychelles (Demonetisation of Notes Order.

2. Demonetisation

(1)The currency notes specified in the Schedule shall, with effect from December 1, 2000, cease to be legal tender in Seychelles.
(2)Any person in possession of the currency notes referred to in paragraph (1) may surrender the currency notes—
(a)during the period commencing on November 1, 2000 and ending on November 30, 2000, to any bank of Seychelles; and
(b)at any time after November 30, 2000, to the Central Bank of Seychelles, and on surrender shall receive in exchange therefor an equal amount of legal tender notes issued by the Central Bank of Seychelles.


Schedule

The currency notes issued under Government Notice No. 201 of 1989, through the Central Bank of Seychelles under Section 19(1) of the Central Bank of Seychelles Act, as amended in 1999—

Denomination Design front Design back Size
R10 A picture of the Central Bank Building.Motifs: Young Pioneers saluting Monument commemorating bicentenary of Victoria.Statue of Zonm Lib. A picture of moutia dance 130 x 65mm
R25 A picture of the Central Bank Building.Motifs:Copra workersBoy with Coco-De-Mer. A picture of traditional Copra mill 140 x 70mm