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 currency of Mauritius. The currency of Mauritius is the Mauritian Rupee (MUR), which is divided into 100 cents. Travellers cheques and foreign currency can be exchanged at banks, bureaux de change and larger hotels.Travellers cheques usually exchange at a better rate than cash.he currency of Mauritius is the Mauritian Rupee (MUR), which is divided into 100 cents.