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3 unusual facts about Economy of Seychelles


Economy of Seychelles

The decision to let the currency trade freely as part of the IMF rescue package means that Seychelles is the smallest country in the world that has a completely independent currency - one that is neither pegged, nor an adopted foreign currency, nor a common currency used within a larger monetary union.

In 1995, Seychelles saw the privatization of the Seychelles Tuna Canning Factory, 60% of which was purchased by the American food company Heinz.

In 1965, during a three- month visit to the islands, futurist Donald Prell prepared for the then crown colony Governor General, an economic report containing a scenario for the future of the economy.



see also