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.
Money and Currency in Ecuador. U.S. Currency Federal Reserve. Minus the pictures on coins minted in Ecuador, money used in the country will be very familiar to U.S. citizens and anyone who has seen the U.S. dollar. The U.S. dollar has been the currency used in Ecuador since September, 2000.