Pronunciation: [se͡ɪʃˈɛlz ɹˈuːpiː] (IPA) 
The official currency of the Seychelles, a small island nation located in the Indian Ocean, is the Seychelles Rupee. Its spelling is fairly straightforward, as it simply combines the name of the country with the word "rupee", which is a common term for currency in many South Asian countries. In IPA phonetic transcription, the word would be pronounced /sɛˈʃɛlz ˈrupiː/, with the stress on the second syllable of "rupee".
The Seychelles Rupee is the official currency of the Republic of Seychelles, a group of islands located in the Indian Ocean off the eastern coast of Africa. It serves as the legal tender and medium of exchange within the country. The currency is denoted by the symbol "SCR" and is subdivided into 100 cents.
The Seychelles Rupee has been in circulation since 1914 and is issued and controlled by the Central Bank of Seychelles. The bank is responsible for regulating the money supply, maintaining price stability, and establishing monetary policies to support the country's economy.
The currency is primarily used for day-to-day transactions, including purchasing goods and services, paying bills, and conducting local business. It is accepted by businesses, financial institutions, and government offices within the Seychelles.
The exchange rate of the Seychelles Rupee fluctuates against major foreign currencies, and its value is determined by various economic factors, including interest rates, inflation rates, and foreign exchange reserves.
To facilitate currency transactions, banknotes and coins are available in various denominations, ranging from 10 cents to 1,000 rupees. Banknotes feature prominent figures and landmarks from Seychelles' history and culture, while coins are issued in different sizes and metals.
Tourists visiting Seychelles are often required to exchange their foreign currency for Seychelles Rupees to make purchases within the country. Additionally, foreign exchange services are available at airports, hotels, and authorized exchange offices.
The etymology of the word "Seychelles Rupee" can be traced back to the currency system used in the Seychelles, an archipelago country located in the Indian Ocean. The term "rupee" is derived from the Sanskrit word "rupya", meaning "shaped silver" or "wrought silver". The rupee was originally a silver coin used as a medium of exchange in various regions of the Indian subcontinent. With the expansion of trade and colonialism, the rupee was introduced to several countries as the official currency, including Seychelles. When the Seychelles became a British colony, the rupee was adopted as its currency. Although the Seychelles gained independence in 1976, it continued to use the rupee as its currency, and thus the term "Seychelles Rupee" came into existence.
