The Central Bank of Seychelles has revoked the bureau de change licence of Best Exchange (Pty) Ltd with effect from April 5, 2026. The company is no longer authorized to conduct foreign exchange business in Seychelles and must cease all related activities. Best Exchange appealed the revocation under the Financial Institutions Act 2004. After considering its representation, the central bank’s board resolved on July 21, 2026, to uphold the decision.
Central Bank of Seychelles2026-07-31
Central Bank of Seychelles revokes Best Exchange licence and upholds decision following appeal
The Central Bank of Seychelles has revoked Best Exchange’s bureau de change licence with effect from April 5, 2026, requiring it to cease all foreign exchange activities. The central bank’s board upheld the decision on July 21 following an appeal.