International Business Authority (SIBA) and the enactment of several pieces of legislation (such as the International Corporate Service Providers Act, the International Business Companies Act, the Securities Act, the Mutual Funds and Hedge Fund Act, amongst others).
Other issues facing the government are the curbing of the budget deficit, including the containment of social welfare costs, and further privatisation of public enterprises. The government has a pervasive presence in economic activity, with public enterprises active in petroleum product distribution, insurance (has now been privatized), banking (is being privatized very soon), imports of basic products (now being privatized), telecommunications (four private ISP/telecom companies), and a wide range of other businesses.
The national currency of the Seychelles is the Seychellois rupee. Initially tied to a basket of international currencies it was depegged and allowed to be devalued and float freely in 2008 on the presumed hopes of attracting further foreign investment in the Seychelles Economy
