Caroline Abel: Opening of the Central Bank of Seychelles 40th Anniversary Exhibition

Remarks by Ms Caroline Abel, Governor of Central Bank of Seychelles, at the Opening of the CBS 40th Anniversary Exhibition "A modern central bank with a focus on financial empowerment", Mahe, 7 November 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
21 December 2018

It gives me great pleasure to welcome you all here today, on behalf of the Central Bank of Seychelles, to the opening of this exhibition being held in commemoration of the 40th Anniversary of the establishment of a central banking institution in Seychelles.

The Seychelles Monetary Authority, the precursor to the Central Bank of Seychelles, was established a mere two years after Seychelles gained its independence. This was the ultimate act that validated us as a sovereign state, with the ability to issue currency, manage our reserves, inspect banks and financial institutions and perhaps most importantly, set our own monetary policy objectives.

Fast forward forty years, and we are proud to say that we have achieved a lot in a relatively short space of time.