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.
The Seychelles are a group of 115 islands, only a few inhabited, in the Indian Ocean that lie off the coast of East Africa, northeast of Madagascar. Understand The Seychelles were disputed between France and Great Britain during the age of colonialism, with Britain ending up in control in 1814 after the Napoleonic Wars.