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.
Seychelles Islands located in the Indian Ocean, is a group of about 115 small islands, the main islands are Mah, Praslin and La Digue. Victoria is the capital of Seychelles islands located in Mah. It is located about 1600 km from the east coast of Africa. The three main islands are all out of granite, the others are coral atolls. The first who visited the island were the Arabs.