Seychelles: Central Bank of Seychelles Cuts Interest Rates, Reserves Foreign Capital for Basic Commodities Amid Covid-19

    Posted by All Africa on

    [Seychelles News Agency] The Central Bank of Seychelles (CBS) has announced that its foreign exchange reserve will only be used to procure three items - fuel, basic food commodities and medicines - as major shocks are expected in the economic sector amidst the COVID-19 pandemic.

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