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.
Situated in the Indian Ocean, the Seychelles archipelago is located off the eastern coast of Africa, approximately 1600km (1000 miles) from Tanzania and Kenya.The Seychelles has a land area of 455 km2, and is comprised of 115 islands which split into two groups, the inner islands and the outer islands.ituated in the Indian Ocean, the Seychelles archipelago is located off the eastern coast of Africa, approximately 1600km (1000 miles) from Tanzania and Kenya.