The Central Bank of Seychelles released its 2025 Annual Report alongside the 2025 International Reserves Management Report, including audited financial statements and a review of economic, monetary and external-sector developments, as well as the governance and performance of the country’s international reserves. The Annual Report cites provisional domestic growth of 5.1% in 2025, supported by tourism, fisheries and information and communications, with visitor arrivals of 398,841 (up 13% from 2024) and tourism earnings estimated at USD 1,196 million (up 29%). Inflation moderated, ending December at negative 0.2% year on year with a 12-month average of 0.3%, while the Seychelles rupee depreciated against the euro, US dollar and pound sterling; the Bank maintained an accommodative monetary policy stance throughout 2025. The reserves report records Gross International Reserves of USD 878.1 million at end-2025 (up 13.5%), equivalent to 4.4 months of imports, and Net International Reserves of USD 727.9 million (up 15.2%), exceeding the International Monetary Fund programme target of USD 670.9 million for the last quarter of 2025; total investment return was USD 33.6 million, 6.7% higher than 2024. The Annual Report also incorporates the 2025 Access to Information Annual Report and includes a summary of a 2025 Board Evaluation Report submitted to the President as the appointing authority. The Governor presented the reports to the President, and a copy is scheduled to be presented to the Speaker of the National Assembly on 1 April 2026.
Central Bank of Seychelles 2026-03-31
Central Bank of Seychelles publishes 2025 Annual Report and International Reserves Management Report with Gross International Reserves at USD 878.1 million
The Central Bank of Seychelles published its 2025 Annual Report and International Reserves Management Report, including audited financial statements and analysis of economic, monetary, external-sector and reserves developments. It reported provisional domestic growth of 5.1% in 2025 driven by tourism, fisheries and ICT, negative year-on-year inflation at end-December, and Gross International Reserves of USD 878.1 million and Net International Reserves of USD 727.9 million, both higher year on year, with net reserves above the IMF programme target. The Annual Report also includes the 2025 Access to Information Annual Report and a summary of the 2025 Board Evaluation Report.