Central Bank launches new banknotes and coins

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Post  Sirop14 on Fri Dec 02, 2016 5:40 pm

Central Bank launches new banknotes and coins

02-December-2016

The Central Bank of Seychelles (CBS) yesterday officially launched the new family of bank notes and coins to be put into circulations soon.
It was President Danny Faure and CBS Governor Caroline Abel who had the honour of unveiling the notes in the presence of the new Minister for Finance, Trade and Economic Planning Peter Larose.
Other distinguished guests included high officials and staff of CBS and of commercial banks, members of the National Assembly, among other dignitaries.

http://nation.sc/article.html?id=252031

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Post  Sirop14 on Mon Jul 24, 2017 9:17 pm

Polisi moneter Labank Santral
http://www.nation.sc/article.html?id=254971

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Post  Sirop14 on Thu Dec 28, 2017 9:32 pm

Central Bank treads cautiously into first quarter of 2018

28-December-2017
The Central Bank (CBS) Board has decided to maintain its current monetary policy stance for the first quarter of 2018.
The bank says modest inflationary pressures are foreseen in the near term, which are not expected to reach levels that will threaten the CBS’ objective to maintain domestic price stability. This is on account of low external inflationary pressures as global commodity prices are anticipated to increase marginally while the depreciation of the Seychelles rupee (SCR) against the US dollar remains modest. The Board has also maintained the position of the interest rate corridor such that the rate on the Standing Deposit Facility (SDF) stands at 1.0 per cent while that on the Standing Credit Facility (SCF) at 6.0 per cent. The SCF and SDF rates form the ceiling and the floor for short-term money market rates.
Reserve money which serves as a measure of liquidity into the system is projected to be at an average of R3,429 million for Q1 2018. This is a contraction of 3.5 per cent compared to the last quarter of 2017 to be aligned with the seasonal change in demand for liquidity in the first quarter of the year.
The minimum reserve requirement (MRR) was kept unchanged at 13 per cent of applicable deposit liabilities. The primary purpose of the minimum reserve requirement is to regulate the amount of money circulating in the economy, and as such this requirement is part of the CBS’s overall policy stance.
The Bank remains vigilant and stands ready to adjust its policies as needed to promote price stability.

Global factors expected to pose limited threat to domestic price stability
The world economic outlook is projected to show further signs of improvement despite remaining on a fragile recovery path. Going forward, moderate increases are expected, both in global food and oil prices. Nonetheless, the slight uptick in inflationary pressures externally and the continued depreciation of the SCR are likely to result in a modest increase in domestic inflation.

Tourism continues to boost economic activity
The tourism industry remains the key contributor to the country’s economic performance. The positive growth in tourist arrivals in 2017 so far has outperformed last year’s levels, which in turn has translated in increased tourism earnings.
From January to November 2017, total visitor arrivals stood at 320,132 compared to 274,336 for the same period in 2016, representing a year-to date growth of 17 per cent. In 2017 up to November, tourism earnings are estimated to have increased by 16 per cent in US dollar terms.

Pick up in money supply growth
The quarterly average interest rate on the 7-day Deposit Auction Arrangement (DAA) stood at 2.90 per cent as at December 22, while the average return on the 91-day Treasury bills was 3.3 per cent from 3.4 per cent at the end of the third quarter of 2017.
Monetary statistics for November 2017 revealed a year-on-year growth of 18 per cent in the money supply compared to 11 per cent in November 2016. Consistently, credit to the private sector has grown by 18 per cent in November 2017 on a year-on-year basis, largely driven by an increase in consumer loans.

Modest inflationary pressures expected in the short-term
Since the beginning of 2017, the increase in the general price level has been higher than in the previous year. In November 2017, year-on-year inflation stood at 3.0 per cent while the 12-month average rate was 2.5 per cent. In the near term, inflationary pressures are expected to pick-up largely due to revisions in administrative prices as well as a rebound in global commodity prices and a weakening of the domestic currency.
http://www.nation.sc/article.html?id=257118

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Post  Sirop14 on Sat Dec 30, 2017 7:17 pm

Bertrand Rassool reappointed director on CBS board
http://www.nation.sc/article.html?id=257159

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Post  Sirop14 on Tue Feb 20, 2018 9:53 am

Divizyon Servis Banker dan Labank Santral Sesel

19-February-2018
Pour konmemor son 40enm lanniverser, Labank Santral Sesel in deside pour rapros li e vin pli ouver avek piblik e kontribye anver ledikasyon ek konnesans sekter finansyel. Enn bann aktivite Labank Santral pour atenn sa bi se atraver en seri lartik an kreol e an angle lo Labank Santral limenm, e osi lo bann term ekonomik e finansyel pour ede ogmant konnesans piblik.
Premye lartik dan sa seri i an kreol e i konsantre lo ledikasyon lo servis banker ki Labank Santral Sesel i ofer.

***

Divizyon Servis Banker dan Labank Santral Sesel i enn parmi bann divizyon dan Labank ki annan en rol operasyonnel. Sa divizyon i ede enplimant polisi moneter ki Labank i adopte atraver legzekisyon e dokimantasyon bann peyman e reset finansyel. Divizyon Servis Banker i annan kat rol prensipal, ki konpri:
i) zesyon peyman domestik ek deviz etranzer;
ii) provizyon servis banker pour Gouvernman, labank komersyal ek lezot lenstitisyon finansyel;
iii) zesyon lanmonnen Sesel, ki enkli biye ek kalen; e
iv) responsabilite pour evalye performans bidze Labank e prodwir ban rapor finansyel Labank.
Sa bann rol i ganny performen par kat seksyon ki form parti sa divizyon.

1) Seksyon Peyman Domestik ek Seksyon Peyman Deviz Etranzer
Sa de seksyon i responsab pour egzekit e rikord tou bann peyman ek reset an Roupi Sesel e deviz etranzer pour Labank Santral ek bann lezot lorganizasyon ki lalwa i permet annan kont banker avek Labank Santral. Sa i enkli bann minister ek departman gouvernman, labank komersyal ek lezot lenstitisyon finansyel, par egzanp Fon Moneter Enternasyonal ek Labank Mondyal.
Par egzekit bann tranzaksyon relye avek bann lenstriman finansyel ki Labank Santral i servi pour aplik polisi moneter, Seksyon Peyman Domestik i ede pour enzekte oubyen retir likidite dan lekonomi. Seksyon Peyman Domestik i osi responsab pour lenplimantasyon ek zesyon bann sistenm peyman elektronik ki fasilit transmisyon larzan ek balansman kont ant bann labank lokal.
Serten bann tranzaksyon ki tonm anba Seksyon Peyman Deviz Etranzer i enkli repeyman bann det eksteryer pei, depans gouvernman relye avek bann misyon diplomatik baze aletranze, alokasyon finansyel pour bann etidyan ki pe etidye aletranze, peyman pour bann minister, tel ki pour latizann ek lezot servis ek komodite ki bezwen ganny peye an deviz etranzer. Sa seksyon i osi responsab pour bann tranzaksyon ki pei i fer avek Fon Moneter Enternasyonal.

2) Seksyon Zesyon Lanmonnen (Roupi) Sesel
Rol sa seksyon se pour asire ki i annan sifizaman biye ek kalen Roupi Sesel an sirkilasyon pour satisfer demann pour lanmonnen dan sistenm finansyel lokal. Sa seksyon i responsab pour asir bon kalite lanmonnen an sirkilasyon, ki an retour ede mentenir konfidans ki piblik i annan dan biye ek kalen ki ganny sirkile par Labank Santral.
Lakantite lanmonnen an sirkilasyon i ganny regle atraver bann tranzaksyon ant Labank Santral avek bann labank komersyal ek lezot lenstitisyon finansyel ki annan kont avek Labank Santral. Sa bann lenstitisyon i distribye e ranmas biye ek kalen avek manm piblik, e anretour zot depoze e retir larzan an gro avek Labank Santral. Sa seksyon i osi deservi bann minister ek departman gouvernman ki annan kont avek Labank Santral pour fasilit bann tranzaksyon likid an Roupi e an deviz etranzer.
An plis ki sa, Seksyon Zesyon Lanmonnen i osi responsab pour prodwir e mentenir en stok sifizan biye ek kalen nef. Lanmonnen ki ganny retire dan sirkilasyon i ganny triye e separe. Bann ki ankor dan bon leta i ganny redistribye tandis ki bann ki nepli bon pour sirkilasyon, i ganny detri.
Seksyon Zesyon Lanmonnen i osi ofer lezot servis tel ki:
- lesanz kalen - sa i a dispozisyon selman bann manm piblik ki napa en kont avek en labank komersyal;
- lavant bann biye ek kalen komemoratif.

3) Seksyon Rapor Finansyel
Seksyon Rapor Finansyel i responsab prensipalman pour kordinasyon ek preparasyon bidze anyel ek rapor pozisyon finansyel Labank Santral. Rapor pozisyon finansyel Labank i ganny prepare anliny avek standar enternasyonal finansyel.
Bidze i enkli tou depans ek reveni anyel e osi bann proze ouswa lenvestisman kapital pour asir bon fonksyonnman Labank an relasyon avek son stratezi ek lalwa. Sa bann rapor i ganny prezante avek Bord Labank Santral.
Apre ki bidze in ganny aprouve par Bord, sa seksyon i responsab pour fer plizyer swivi lo en baz kontinyel pour asire ki depans ek reveni aktyel i anliny avek bidze. Tou le mwan, rapor pozisyon finansyel Labank Santral i ganny prepare e plibliye lo sitwèb Labank e osi dan Gazet Ofisyel. Rapor anyel pozisyon finansyel Labank, i ganny odite par en oditer endepandan e pibliye ansanm avek revi anyel Labank.

Konklizyon
Atraver sa ban aktivite ek responsabilite ki Divizyon Servis Banker i desarze, sa Divizyon i ede aplik serten ban polisi ek regilasyon Labank ki kontribye pour realiz bann lobzektif Labank Santral Sesel ki enkli promosyon stabilite dan pri e asir stabilite finansyel dan lekonomi Sesel.

En kontribisyon Labank Santral Sesel

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Post  Sirop14 on Sun Sep 02, 2018 7:26 pm

CBS launches Facebook page and YouTube channel
http://www.nation.sc/article.html?id=260237

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Post  Sirop14 on Thu Nov 08, 2018 6:05 pm

CBS marks 40th anniversary with three-day exhibition
http://www.nation.sc/article.html?id=261127

Central Bank mitigates price pressures, inflation now 3.43%
http://www.nation.sc/article.html?id=261125

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Post  Sirop14 on Sun Nov 25, 2018 4:05 pm

CBS launches Strategic Plan 2019-2023
24-November-2018
http://www.nation.sc/article.html?id=261353

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Post  Sirop14 on Sun Nov 25, 2018 4:07 pm

First Financial Education Fair

24-November-2018
Institutions committed to boosting financial education in the country
http://www.nation.sc/article.html?id=261352

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Post  Sirop14 on Thu Dec 06, 2018 8:30 pm

CBS announces new website launch
http://www.nation.sc/article.html?id=261499

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Post  Sirop14 on Thu Dec 27, 2018 9:41 pm

CBS to revise monetary policy framework

26-December-2018
The Central Bank of Seychelles (CBS) will be revising
http://www.nation.sc/article.html?id=261736

CBS’ role in managing the country’s international reserves
http://www.nation.sc/article.html?id=261756

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Post  Sirop14 on Fri Dec 28, 2018 9:15 pm

Fighting signs of inflation, Central Bank of Seychelles tightens monetary policy; rate set at 5.5 pct
National » General | 8 hours ago | Views: 491
http://www.seychellesnewsagency.com/articles/10268/Fighting+signs+of+inflation%2C+Central+Bank+of+Seychelles+tightens+monetary+policy%3B+rate+set+at+.+pct

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Post  Sirop14 on Sun Jan 13, 2019 6:39 pm

Central Bank of Seychelles gives more details on two cabinet decisions
http://www.nation.sc/article.html?id=261918

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Post  Sirop14 on Thu Jan 17, 2019 12:50 am

CBS suspends Doubleclick Exchange’s payment service provider licence

16-January-2019
The Central Bank of Seychelles has suspended the payment service provider licence of Doubleclick Exchange (Pty) Ltd with immediate effect, yesterday January 15, 2019.
http://www.nation.sc/article.html?id=261951

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Post  Sirop14 on Mon Jan 21, 2019 10:39 pm

CBS releases its procurement plan for 2019
http://www.nation.sc/article.html?id=262005

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Post  Sirop14 on Wed Mar 20, 2019 7:28 pm

CBS reinstates the payment service provider licence of Doubleclick Exchange (Pty) Ltd

20-March-2019
The Central Bank of Seychelles (CBS) has reinstated the payment service provider licence of Doubleclick Exchange (Pty) Ltd.

The bureau de change is permitted to resume its money remittance services, effective Tuesday March 19, 2019.

CBS suspended the payment service provider licence of Doubleclick Exchange on January 15, 2019, as a result of its non-compliance with applicable laws governing its operations. This followed the findings of an onsite examination conducted by the CBS.

The Central Bank is satisfied that Doubleclick Exchange has implemented the recommendations highlighted in the examination report.

CBS will be monitoring the effective implementation of the various measures taken to address the deficiencies observed, and may take appropriate corrective action in accordance with applicable laws, in the event of non-compliance with the measures in place.
http://www.nation.sc/article.html?id=262738

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Post  Sirop14 on Fri Mar 22, 2019 7:11 pm

Clara Radegonde, Hilary Baron first awardees of CBS scholarship programme
http://www.nation.sc/article.html?id=262781

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