CENTRAL BANK OF SEYCHELLES ACT, 2004

(Act 12 of 2004)

PART XIV — AUDIT OF ACCOUNTS

47. (1) The financial year of the Bank shall be the year ending on the 31st day of December.

(2) The Board shall cause to be kept proper books of account and other books and records in relation thereto in which shall be recorded all its financial transactions.

(3) The accounts of the Bank shall be audited by the Auditor General.

(4) The Bank shall within 3 months after the end of each financial year, submit to the President a report on its operations during the year together with a copy of its annual accounts certified by the Auditor General and shall publish the said report and accounts.

48. (1) The Bank shall publish a summary of the decisions taken by the Bank with respect to monetary policy as soon as possible thereafter.

(2) The Bank may publish regular reports on issues related to monetary policy, financial stability or any other matter within its competence and shall annually report to the National Assembly on its activities in the preceding year and on the achievement of its objectives set out in section 4.