Seychelles:Central Bank Transparency Code Review

Author: International Monetary Fund. Monetary and Capital Markets Department

Central Bank Transparency Code Review

Volume/Issue: Volume 2022 Issue 319

Publication date: September 2022

ISBN: 9798400222566

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Money and Monetary Policy , International - Economics , CBS website , IMF central bank Transparency Code , International Monetary Fund Washington , d , c , CBT Review , IMF mission , Financial sector stability , International reserves , Reserves management , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global

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Summary

The Central Bank of Seychelles (CBS) sets a high benchmark for transparency, given the economic, and financial development and literacy circumstances of Seychelles, which is recognized by the stakeholders, thus maintaining a high level of trust and accountability. Despite constrained human capital resources, the CBS has taken commendable actions to facilitate an open and dynamic dialogue with key stakeholders. The CBS took the lead in communications on extraordinary support programs during the COVID-19 pandemic, regularly engaging with the public using plain language and various communication tools. It is also making great efforts to promote financial inclusion in Seychelles by developing and implementing a broad agenda on financial education and enhancing consumer protection in the financial sector.