The Central Bank of Seychelles has issued small-denomination coinage in fits and starts since independence in 1976, with composition changes tracking the same cost pressures that pushed most island nations away from solid bronze during the 1990s and 2000s. Bronze-plated steel reduced production costs significantly — a practical necessity for a denomination worth a fraction of a US cent at prevailing exchange rates.
The Central Bank of Seychelles has issued small-denomination coinage in fits and starts since independence in 1976, with composition changes tracking the same cost pressures that pushed most island nations away from solid bronze during the 1990s and 2000s. Bronze-plated steel reduced production costs significantly — a practical necessity for a denomination worth a fraction of a US cent at prevailing exchange rates.