For example, a price elasticity of alcohol demand of -0.5 means that a 1-percent increase in price would reduce alcohol consumption by 0.5 percent (or a 10-percent increase in price would reduce consumption by 5 percent).
The Local Currency. The Seychelles Rupee (Rs) is the official currency of the Seychelles. One Rupee = 100 cents. The currency is divided into both paper and coin form. Currency is minted in the following denominations.
Print this map. The Republic of Seychelles is an archipelago of 115 islands located in the Indian Ocean, northeast of Madagascar. Pre-European colonization the islands were known by Arab navigators on trading voyages, but were never inhabited.ventually Seychelles was settled by France in the 18th century, but it wasn't long before the British fought for control. A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter.