REPUBLIC OF SEYCHELLES-1992-5 RUPEES

The Republic of Seychelles is an archipelago in the Indian Ocean. The 115-island country, whose capital is Victoria, lies 1,500 Km (932 mi) east of mainland Southeast Africa. Other nearby island countries & territories include Zanzibar to the west and Comoros, Majorette , Madagascar, Reunion and Mauritius to the south.

Seychelles, with a population of 90,024, has the smallest population of any African State. Seychelles is a member of the African Union.

 Some scholars assume that Austronesian seafarers and later Maldivian and Arab traders were the first to visit the uninhabited Seychelles. The earliest recorded sighting by Europeans took place in 1502 by the Portuguese Admiral Vasco da Gama, who passed through the Amirantes and named them after himself (islands of the Admiral). 

A transit point for trade between Africa and Asia, the islands were occasionally used by pirates until the French began to take control starting in 1756 when a Stone of Possession was laid by Captain Nicholas Morphey. The islands were named after Jean Moreau de Sechelles, Louis XV's Minister of Finance.

The British contested control over the islands between 1794 and 1810. Jean Baptiste Quéau de Quincy, French administrator of Seychelles during the years of war with the United Kingdom, declined to resist when armed enemy warships arrived. Instead, he successfully negotiated the status of capitulation to Britain which gave the settlers a privileged position of neutrality.

Britain eventually assumed full control upon the surrender of Mauritious in 1810, formalised in 1814 at the Treaty of Paris. Seychelles became a crown colony separate from Mauritius in 1903. Elections were held in 1966 and 1970. Independence was granted in 1976 as a republic within the Commonwealth.

The British Legislative Council authorized the establishment of a Board of Commissioners of Currency through the Paper Currency Ordinance of 1914, which was enacted by C. R. M. O’Brien, the governor of the Colony of the Seychelles on 10 August 1914. In 1914, the government produced emergency issues of notes for 50 cents, 1, 5 and 10 rupees.
The rupee is the currency of the Seychelles. It is subdivided into 100 cents. In the local Seychellois  Creole (Seselwa) language, it is called the roupi. The international currency code is SCR. The abbreviations SR and SRe are sometimes used..

Standard issue notes began to be issued in 1918, with notes for 50 cents and 1 rupee, followed by 5, 10 and 50 rupees in 1928. The 50 cents and 1 rupee notes were issued until 1951 and phased out in favor of the coins. 20- and 100-rupee notes were first introduced in 1968, whilst the 5-rupee note was replaced by a coin in 1972, the coin circulated widely under the head of the state France-Albert Rene van de Seychellen(1977-2004).The coin was designed by Danielle and Suzanne and Frederick Mogford engraved the coin The coin have a weight of 8.97 grams and a diameter of 28.8 mm. Palm trees and coat of arms are the theme of the coin. The coin was minted with copper (75%) and nickel(25%) in Pobjoy Mint, Surrey, Great Britain.. Series : 1989-present. This coin was first issued in 1992 and lastly in 2007.So far 300,000 coins minted.

Now the coin costs more than $5