Seychelles rupee
₨
The rupee is the currency of the Seychelles. It is subdivided into 100 cents. In the local Seychellois Creole (Seselwa) language, it is called the roupi and roupie in French. The ISO code is SCR. The abbreviation SR is sometimes used for distinction. By population, Seychelles is the smallest country to have an independent monetary policy. Several other currencies are also called rupee.Country
-
Seychelles
Seychelles (, ; or ), officially the Republic of Seychelles (République des Seychelles; Creole: La Repiblik Sesel), is an archipelagic state consisting of 115 islands in the Indian Ocean. Its capital and largest city, Victoria, is 1500 km east of mainland Africa. Nearby island countries and territories include the Comoros, Madagascar, Mauritius, and the French overseas departments of Mayotte and Réunion to the south; and Maldives and the Chagos Archipelago (administered by the United Kingdom as the British Indian Ocean Territory) to the east. It is the least populated sovereign African country, with an estimated 2020 population of 98,462.
Seychelles was uninhabited prior to being encountered by Europeans in the 16th century. It faced competing French and British interests until coming under full British control in the late 18th century. Since proclaiming independence from the United Kingdom in 1976, it has developed from a largely agricultural society to a market-based diversified economy, characterized by rapidly rising service, public sector, and tourism activities. From 1976 to 2015, nominal GDP grew nearly 700%, and purchasing power parity nearly 1600%. Since the late 2010s, the government has taken steps to encourage foreign investment.