## Seychelles: Central Bank Transparency Code Review

_IMF Staff Country Reports, September 28, 2022_

## Source details

**Canonical URL:** [Seychelles: Central Bank Transparency Code Review](https://www.imf.org/en/publications/cr/issues/2022/09/27/seychelles-central-bank-transparency-code-review-523940)

## Other formats

- [Markdown version](/en/publications/cr/issues/2022/09/27/seychelles-central-bank-transparency-code-review-523940/index.md)
- [Structured JSON version](/en/publications/cr/issues/2022/09/27/seychelles-central-bank-transparency-code-review-523940/index.json)
- [Bundle manifest](/en/publications/cr/issues/2022/09/27/seychelles-central-bank-transparency-code-review-523940/bundle-manifest.json)

## Bibliographic details
- Published: September 28, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400222566.002

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### Summary
- Publication date: September 28, 2022
- The Central Bank of Seychelles (CBS) sets a high benchmark for transparency given the economic, and financial development and literacy circumstances of Seychelles.
- The CBS maintains a high level of trust and accountability as recognized by stakeholders.
- Despite constrained human capital resources, the CBS has taken commendable actions to facilitate an open and dynamic dialogue with key stakeholders.
- The CBS led communications on extraordinary support programs during the COVID-19 pandemic, regularly engaging with the public using plain language and various communication tools.
- The CBS is actively promoting financial inclusion by developing and implementing a broad agenda on financial education and enhancing consumer protection in the financial sector.

### Key findings and thematic coverage
- Transparency and accountability
  - CBS sets a high benchmark for transparency for the Seychelles context.
  - Stakeholders recognize CBS’s transparency, contributing to trust and accountability.
- Communication and stakeholder engagement
  - CBS took the lead in communications on extraordinary support programs during the COVID-19 pandemic.
  - Regular public engagement uses plain language and various communication tools.
- Institutional constraints
  - Constrained human capital resources are noted as a limitation for CBS.
- Financial inclusion and consumer protection
  - CBS is developing and implementing a broad agenda on financial education.
  - Efforts are underway to enhance consumer protection in the financial sector.

### Subjects and keywords
- Subjects:
  - Anti-money laundering and combating the financing of terrorism (AML/CFT)
  - Central banks
  - Crime
  - Financial sector policy and analysis
  - Financial sector stability
  - Foreign exchange
  - International organization
  - International reserves
  - Monetary policy
  - Reserves management
- Keywords:
  - Anti-money laundering and combating the financing of terrorism (AML/CFT)
  - CBS website
  - CBT Review
  - d.c
  - Financial sector stability
  - Global
  - IMF central bank Transparency Code
  - IMF mission
  - International Monetary Fund Washington
  - International reserves
  - Reserves management

*International Monetary Fund. Monetary and Capital Markets Department. "Seychelles: Central Bank Transparency Code Review", IMF Staff Country Reports 2022, 319 (2022).*

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## Content in this bundle

- **Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022**
  - [Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022 (Markdown version)](/-/media/files/publications/cr/2022/english/1sycea2022005.pdf.md){rel="alternate" type="text/markdown"}
  - [Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022 (PDF)](/-/media/files/publications/cr/2022/english/1sycea2022005.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2022/09/27/seychelles-central-bank-transparency-code-review-523940_