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| | Need to Know | Capital City Victoria | | Tipping Not mandatory
| | Electricity 240V | | Weights and Measurements Metric system |
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Economy
Not surprisingly, tourism dominates the economy of Seychelles – it earns around 70% of all foreign currency. The services sector on the whole makes up about three-fourths of the GNP, with some recent moves towards making Seychelles a base for offshore financial services. The primary sector includes agriculture and fishing. Agriculture remains important despite the move towards the services sector and a lack of cultivable land. Copra is a prime export, and other cash crops like vanilla and tea earn valuable foreign exchange.
Fishing has become important since the 1980s, not simply through domestic operations, but with the sale of licenses to foreign companies. Industry includes a small mining sector and a sizable tuna-canning one. During the past few decade, there have been moves towards privatizing enterprises and inviting foreign investment, but restrictions on banking remain. Serious economic challenges include tackling a large foreign debt and diversifying the tourism-based economy.
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Currency
The local currency is the Seychelles Rupee, and 1Rupee equals 100 cents.
The Seychelles is by no means an inexpensive tourist destination, so be prepared.
Banks are open from 8.30 am until around 2 pm, and from 8.30 until 11am on Saturdays. You should check each bank for exact opening and closing times. There is a bureau de change at the airport which is open when there are incoming and outgoing flights. You are likely to get better exchange rates for travellers’ cheques than for cash.
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Holiday Packages
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Travel Tools
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