[3][4] By population, Seychelles is the smallest country to have an independent monetary policy.

[2] In 1976, the Seychelles Monetary Authority took over the issuance of paper money, issuing notes for Rs.

This series featured the first President of the Seychelles, Sir James Mancham and replaced all colonial notes issued prior to independence.

In 1979, there was a redesign, featuring a more socialist and modernized theme reminiscent of the René regime.

This series was also issued by the Central Bank of Seychelles when it took over full responsibility in the same year.

The notes are also protected by De La Rue's unique Gemini technology that fluoresces under ultraviolet light but appears normal in daylight.

The new notes also carry the year of printing, as well as the signature of Pierre Frank Laporte, the bank's governor.

Existing notes remain legal tender and will be removed from circulation as they wear out.

The theme of this series is "Seychelles' Unique Biodiversity - the backbone of the economy".