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.
(August 2014). The Seychelles is a small island nation located in the Indian Ocean northeast of Madagascar and about 1,600 km (994 mi) east of Kenya. Seychelles lies between approximately 4ÂºS and 10ÂºS and 46ÂºE and 54ÂºE. The nation is an archipelago of 155 tropical islands, some granite and some coral. the majority of which are small and uninhabited. The landmass is only 459 km 2, but the islands are spread over an Exclusive Economic Zone of 1,374,000 km 2.