Central Bank of Seychelles Act, 2004
External Value of the Rupee Notice, 2003
Statutory Instrument 21 of 2003
- Commenced on 1 July 2003
- [This is the version of this document at 31 December 2015.]
1. CitationThis Notice may be cited as the External Value of the Rupee Notice, 2003.
2. External value of rupee
Provided that if at any time when using the Seychelles Trade and Tourism Weighted Basket for the purpose of determining the exchange rate of any foreign currency whatsoever the equivalent Seychelles Rupee amount of that foreign currency is such that when compared to the rate of exchange for United States Dollars it would result in one United States dollar being equivalent to less than Seychelles Rupee five and cents fifty then the exchange rate for that foreign currency shall be so determined so that it would result in one United States Dollar being equivalent to Seychelles Rupees five and cents fifty.
|Column 1||Column 2|
|South African Rand||10.5|
3. CommencementThis Notice shall be deemed to have come into operation on the 1st July, 2003.
4. Revocation of S.I. of 2001The External Value of the Rupee Notice 2001 is deemed to have been revoked on the date of the coming into operation of this Notice.
History of this document
01 July 2003