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The ISO 4217 currency code for the Seychelles Rupee.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
ISO 4217 code for the Seychelles rupee. Introduced in 1914, it initially circulated alongside the Mauritian rupee, the previous currency. For a long time, it was pegged to a currency basket consisting of euros, British pounds, and U.S. dollars. It began to float in November 2008 and devalued considerably.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved