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1 Rupee magnetic
| Issuer | Central Bank of Seychelles |
|---|---|
| Year | 2010 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Nickel clad steel |
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| Diameter | Log in to see details |
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| Obverse description | The national coat of arms of Seychelles is displayed prominently in the centre of the field, featuring a quartered shield supported by two sailfish, surmounted by a white-tailed tropicbird with outspread wings, and a scroll at the base bearing the motto FINIS CORONAT OPUS. The circular legend REPUBLIC OF SEYCHELLES arcs along the upper periphery, and the date 2010 appears in the lower exergue flanked by two small dots. The entire design is bordered by a continuous reeded rim. |
|---|---|
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| Mintage | 2010 |
| Additional information |
The magnetic "a" variant of this type reflects a broader regional shift toward cheaper steel-core coinage that accelerated after the 2008 global financial crisis hit small island economies particularly hard. Seychelles had already undergone a dramatic IMF-backed currency reform in late 2008, floating the rupee after decades of a fixed exchange rate — a decision that briefly sent the currency into freefall before stabilizing.