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.
They are mainly of East African and Malagasy origin. However, some are also of mixed East African, Malagasy, Indian, Chinese and French Origins. Origins Originally, East Africans and Malagasy people were brought to Seychelles as slaves to work on sugar and coffee plantations. These slaves were the last to be introduced to the Indian Ocean .