Economy

Foreign exchange market remained stable in 2022

With the positive upturn in the tourism sector throughout 2022, revenues have improved significantly, a major contributing factor towards the stability of the foreign exchange market.According to records of the Central Bank of Seychelles (CBS), there w…

Central Bank of Seychelles keeps relaxed monetary policy rate at 2%

The Central Bank of Seychelles (CBS) will maintain its monetary policy rate relaxed at 2 percent during the first quarter of 2023 while keeping a close eye on international developments for quick response if needed.On December 29, CBS’ board decided to…

IDC gears up for large-scale agricultural production on the outer islands

Four Israeli experts in various fields in the agriculture sector are in the country to assist the Islands Development Company (IDC) in setting up large-scale farming on Coetivy. Yesterday, the specialists – comprising an agronomist; water, irrigation and agricultural development