Central Bank of Seychelles (Demonetisation of Notes) Order, 2018

Statutory Instrument 9 of 2018

Citation
Statutory Instrument 9 of 2018
Primary work
Central Bank of Seychelles Act, 2004
Date
8 February 2018
Language
English
Type
Statutory Instrument
Seychelles
Central Bank of Seychelles Act, 2004

Central Bank of Seychelles (Demonetisation of Notes) Order, 2018

Statutory Instrument 9 of 2018

  • Published on 8 February 2018
  • Assented to on 5 February 2018
  • Commenced on 15 February 2018
  • [This is the version of this document from 8 February 2018.]
In exercise of the powers conferred by section 23 of the Central Bank of Seychelles Act (Cap 26) the President hereby makes the following Order

1. Citation

This Order may be cited as the Central Bank of Seychelles (Demonetisation of Notes) Order, 2018.

2. Demonetisation

(1)The currency notes specified in the Schedule shall, with effect from 15th February, 2018 cease to be legal tender in Seychelles.
(2)Any person in possession of currency notes referred to in paragraph/1) may surrender the currency notes—
(a)during the period commencing on 8th February, 2018 and ending on 14th February, 2018 to any bank or credit union in Seychelles; and
(b)at any time after 14th February, 2018 to the Central Bank of Seychelles,
and on surrender shall receive in exchange therefor an equal value of legal tender notes or coins, as the case may be, issued by the Central Bank of Seychelles.

Schedule

The currency notes issued under Government Notice No. 205 of 1998, through the Central Bank of Seychelles under section 20(3) of the repealed Central Bank of Seychelles Act, 1982.
DenominationDesign FrontDesign BackSize
R50Orchid Paille en Que bid Angel FishFlightless White Throated Rails or Tiomitio Yellow Fin Tuna and Clock Tower150x75mm
R25Wrights Gardinia plant and Lion FishSeychelles Blue Pigeon, Coconut Crab, Bi-Centenary Monument150x75mm
R10Coco-de-Mer Palm, Black Spotted Trigger FishHawksbill Turtle, Fairy Tems and Coco-de-Mer150x75mm
MADE this 5th day of February, 2018.Danny FaurePresident
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History of this document

15 February 2018
Commenced
08 February 2018 this version
05 February 2018
Assented to

Cited documents 1

Act 1
1. Central Bank of Seychelles Act, 2004 10 citations

Documents citing this one 0