Other services such as air links by
Air Seychelles and major airlines connect Seychelles to world
capitals
Accommodation offices and housed for rent readily available
Banks – well-developed and sophisticated services. There are
in total six commercial banks of which 4 are branches of foreign
banks, one central Bank, one Development bank and a number of non
banking institutions.
Strong economy
The country has during the past five
years been able to control the rate of inflation and enjoyed
deflation in 1995 when the consumer
price index fell by 1.28%, after the
Government took measures to lower the cost of basic
commodities and services and to reduce incidence of taxation.
Seychelles has been listed in the 1998 edition of the Guinness
Book of Records as the country with the lowest inflation.
For the past 10 years the country enjoyed an economic growth
of 4-6%. The stable currency, the Seychelles rupee, is
maintained by the country ‘s monetary policy. From 1979
until May 1996 the rupee was pegged to the Special Drawing
Rights (SDR). During that time it served the rupee well by
protecting it against the adverse effects of external shocks
hence inhibiting excessive fluctuation. But the SDR basket was
gradually transformed whilst the trade and tourism patterns of
Seychelles were also undergoing remarkable changes. The result
was the excessive appreciation of the rupee. In May 1996 the
Central Bank discontinued the rupee’s link to the SDR. The
rupee is now pegged to a trade and tourism partners of
Seychelles, UK, France, Singapore, South Africa, Germany,
Italy, Japan and USA.
See more of Seychelles
economy at Seychelles
In Figures, Official Statistical H..
Political Stability
Democratically elected
government that enjoys wide support. The Constitution guarantees
political pluralism, a parliament, freedom of speech and other
practices that allow unity in diversity and contribute to tolerance
and political stability
Workforce
Trained and multilingual
(English, French and Creole are the national languages). A young
Seychellois worker entering the job market for the first time has
completed at least ten years of compulsory education. Seychelles has
known no major strike or work stoppage during the past 30 years.
Society
A crime free environment where
a multi racial population lives in perfect harmony. See the people
of the Seychelles
Climate Pleasant, Mean minimum temperature:
24 degrees celciusMean maximum temperature: 29
degreees celcius
EducationHigh literacy rate (85%)State school with excellent faculty
and facilities in every districtPrivate Schools
Higher Institutions offering O and A
level standard education, vocational and other courses
Health
Modern and well equipped hospital on Mahé
and other islands Private clinic.
International Relations
Seychelles is a member of
International Monetary Fund It is also a member of the World
Bank. country In 1992 it became a member of the
multilateral Investment Guarantee Agency (MIGA) which protects
investors from expropriation. It is also a member of the
commenwealth
and a member of the United
Nations and all its satellite organisations namely UNEP, WHO,
UNESCO, UNDP etc.On regional level it is a member of organisation
African Unity (OAU), the African Development Bank, the African
Reinsurance Corporation, the Indian Ocean Commission,member of the
ACP and signatory to Lomé IV Convention Seychelles has also signed
a number of several international conventions.Seychelles has applied
to join the word Trade Organisation (WTO), (It currently holds the
status of observer) Southern Seychelles has applied to join the word
Trade Organisation (WTO), (It currently holds the status of
observer) Southern
African Development Community
(SADC) and Common eastern and South African Market (COMESA).
Embassies
and consulates in all major
countries and others neighboring countries
